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Law of Contracts – Champions School (2023 Questions and Answers Edition)

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This 2023 Law of Contracts collection from Champions School provides comprehensive questions and answers covering all major areas of contract law. The material explains essential legal concepts such as offer and acceptance, consideration, breach of contract, remedies, and contractual capacity. Designed for students aiming for top grades, it serves as an excellent study and revision guide aligned with current academic standards.

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Law Of Contracts Champions School
Questions And Answers 2023
Was created in 1949 by the Legislature. 9 members carry out the provisions of the
TRELA - Correct Answer-TREC

Passed in 1939 - Correct Answer-TRELA

1-4 family residential contract - Correct Answer-Has promlgated sales contract forms for
most

Deceptive trade practices act is a Texas law that applies to trade and commerce that
was passed in 1973. It allows aggrieved consumers to sue the seller of goods for
damages. The act of the seller must have been deceptive and unfair for the consumer
to receive monetary damages - Correct Answer-CTPA

tangible chattels, real property, sale of a house - Correct Answer-Goods

individual, partnership, or government source who seeks to acquire to purchase the
good or service. - Correct Answer-Consumer

Using adjectives and opinion rather than facts. Exaggeration. - Correct Answer-Puffing

Part of the Texas Business and Commerce Code, Title 2 - Correct Answer-DPTA

work or labor brokerage - Correct Answer-Services

has two promulgated forms - Correct Answer-Trec

A body of law developed in England and based upon common sense and local custom -
Correct Answer-Common Law

The body f laws and regulation enacted by federal and state legislatures. - Correct
Answer-Statutory Laws

All that is encompassed in land with the addition of all man made buildings,
improvements, roads etc. - Correct Answer-Real Estate

Goes beyond physical real estate and includes a persons right to the land (bundle of
rights) - Correct Answer-Real Property

Gives the individual the right to improve the land and to use the lands resources such
as gravel, water, stone, and limestone. - Correct Answer-Surface rights

, Rights to oil, as, and minerals - Correct Answer-Subsurface Rights

Personal property that has been attached to the land. - Correct Answer-Fixture

chattel- can be moved, temporary - Correct Answer-Personal Property

Intention of the parties, method of attachment, adaptaton - Correct Answer-Fixture Test

built in a factory, transported to site - Correct Answer-manufactured home

built in a factory, assembled on site - Correct Answer-modular homes

indestructibility, cannot be destroyed, immobilty, cannot be moved, non-homogeneity,
no two parcel are the same - Correct Answer-physical characteristics of land

scarcity, supply and demand, modification,man made changes, fixity, additions to the
land such as buildings, situs, location - Correct Answer-economic characteristics of land

ownership of real estate by two or more entities in undivided interests - Correct Answer-
tenacy in common

an act of dividing undivided shares of real estate, can be done voluntarily or by the court
- Correct Answer-partition

Prohibits discrimination on the basis of race or color - Correct Answer-CIvil Rights Act of
1866

race, religion, natural origin - Correct Answer-Title VIII of the Civil Rights Act of 1968

Gender added in 1974 - Correct Answer-Civil Rights Act

panic peddling - Correct Answer-Blockbusting

Passed 1974 deals with 1-4 units - Correct Answer-RESPA

Passed in 1980 and designed to clean up hazardous substances. Federal, State, and
Native American tribes are authorized to clean up. - Correct Answer-CERCLA

An agreement between two parties to do something or to refrain from doing something -
Correct Answer-contract

contractual agreement through behavior of the parties. - Correct Answer-implied
contract

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