LAW OF CONTRACTS-CHAMPIONS TEST (ACTUAL)
WITH CORRECT VERIFIED ANSWERS
A(n) is a type of seller financing wherein the owner retains
title to the property while the purchaser takes possession of the premises
and pays on the principal. – ANSWER _contract for deed
A(n) is an agreement between two or more parties to do
something or to refrain from doing something. - ANSWER_ contract
When an individual owns real property, he or she is said to have a (n)
in that property. – ANSWER _freehold estate
Real estate agents play a role that includes arranging for the pre-
qualification / pre-approval of buyers. - ANSWER_ true
The requirements for a valid lease are, competent parties, let and take
agreement, in writing and . - ANSWER_ description of the
property
, LAW OF CONTRACTS-CHAMPIONS TEST (ACTUAL)
WITH CORRECT VERIFIED ANSWERS
of an offer means that the accepting party does so with no
change to the contract whatsoever. – ANSWER _acceptance
The ensures that all consumers are given an equal chance to
obtain credit - ANSWER_ Equal Credit Opportunity Act
The formal judicial proceeding to prove the validity of a will and to
distribute the assets of a decedent's estate is called: - ANSWER_ probate
A is a deed with no guarantees or warranties. - ANSWER_
quitclaim deed
A is the borrower's unconditional promise to repay the lender.
– ANSWER Promissory note
, LAW OF CONTRACTS-CHAMPIONS TEST (ACTUAL)
WITH CORRECT VERIFIED ANSWERS
A "Section 502 Loan" is insured by the . - ANSWER_USDA
is evidence an individual has of his or her right to possess
land. - ANSWER_ Probate
A(n) mortgage covers more than one piece of property. -
ANSWER_ blanket
Real property conveyed by will is called a . – ANSWER
_devise
An offer may be withdrawn at any time prior to its acceptance by the
offeree – ANSWER _true
Rule P-53 of the Texas Department of Insurance states that Title
Companies: - ANSWER_ Cannot provide food and beverages for a
picnic for a single firm, Cannot provide an annual party for a single firm,
WITH CORRECT VERIFIED ANSWERS
A(n) is a type of seller financing wherein the owner retains
title to the property while the purchaser takes possession of the premises
and pays on the principal. – ANSWER _contract for deed
A(n) is an agreement between two or more parties to do
something or to refrain from doing something. - ANSWER_ contract
When an individual owns real property, he or she is said to have a (n)
in that property. – ANSWER _freehold estate
Real estate agents play a role that includes arranging for the pre-
qualification / pre-approval of buyers. - ANSWER_ true
The requirements for a valid lease are, competent parties, let and take
agreement, in writing and . - ANSWER_ description of the
property
, LAW OF CONTRACTS-CHAMPIONS TEST (ACTUAL)
WITH CORRECT VERIFIED ANSWERS
of an offer means that the accepting party does so with no
change to the contract whatsoever. – ANSWER _acceptance
The ensures that all consumers are given an equal chance to
obtain credit - ANSWER_ Equal Credit Opportunity Act
The formal judicial proceeding to prove the validity of a will and to
distribute the assets of a decedent's estate is called: - ANSWER_ probate
A is a deed with no guarantees or warranties. - ANSWER_
quitclaim deed
A is the borrower's unconditional promise to repay the lender.
– ANSWER Promissory note
, LAW OF CONTRACTS-CHAMPIONS TEST (ACTUAL)
WITH CORRECT VERIFIED ANSWERS
A "Section 502 Loan" is insured by the . - ANSWER_USDA
is evidence an individual has of his or her right to possess
land. - ANSWER_ Probate
A(n) mortgage covers more than one piece of property. -
ANSWER_ blanket
Real property conveyed by will is called a . – ANSWER
_devise
An offer may be withdrawn at any time prior to its acceptance by the
offeree – ANSWER _true
Rule P-53 of the Texas Department of Insurance states that Title
Companies: - ANSWER_ Cannot provide food and beverages for a
picnic for a single firm, Cannot provide an annual party for a single firm,
