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Law of Contracts Quiz-s 1-11 - Champion Questions and Complete Solutions Graded A+
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Law of Contracts Quiz-s 1-11 - Champion Questions and Complete Solutions Graded A+
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Law of Contracts Quiz's 1-11 - ChampionQuestions and Complete Solutions
Graded A+
Chapter 1 - Which of the following is a requirement for a Texas real estate sales agent license?
A. College Degree
B. 30 hours of Real Estate Principles only
C. Show competency by passing the licensing exam
D. Must be Texan by birth - Answer: C
An active sales agent license may only be issued under ______.
A. Court order
B. The sponsorship of a licensed broker
C. The supervision of a fellow sales agent
D. The Deceptive Trade Practices Act - Answer: B
A license holder must not prepare which of the following documents?
A. Option agreements
B. Title commitments
C. Wills
D. A license holder must not prepare any of these documents - Answer: D
Chapter 2 - Todd planted two live oaks and four magnolia trees on his 3-acre property. These trees are
examples of _______.
A. Improvements
B. Emblements
C. Fixtures
D. Personal Property - Answer: A
, Patti, David, and Arthur inherited several acres from their parents. They each own a third of the
estate. What type of ownership do the siblings have?
A. Joint tenancy
B. Estate in severalty
C. Tenancy in common
D. Community property - Answer: C
If you hire a mold remediator, he must give you a(n) ______ no later than 10 days after work is
complete.
A. Dept. of State and Health Services Agreement
B. Texas Property Code receipt
C. EPA Certificate
D. Certificate of Mold Remediation - Answer: D
Chapter 3 - In order to comply with the _______, contracts for the conveyance of an interest in real
estate or leases for a term of more than one year must be in writing.
A. Executory
B. Executive
C. Non-binding
D. Voidable - Answer: A
Chapter 4 - Lynne purchased a lake front lot in order to build her dream home. Under ________, Lynne
has the right to construct a boat dock and anchor her pontoon boat on the water.
A. Riparian rights
B. Docking rights
C. Appropriative rights
D. Littoral rights - Answer: D
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