Don't give up now! Trust the process.
Your time: 1 min
Correct 0
0%
Incorrect 68
LAW OF CONTRACTS CHAMPIONS
EXAM,
Next steps PRACTICE EXAM AND STUDY
GUIDE LATEST 2024 ACTUAL EXAM 70
68 missed terms
QUESTIONS AND CORRECT DETAILED
Practice terms in Learn
Practice your missed terms
Take a new test
Try another test to boost
ANSWERS
more until you get them
right.
your confidence.
Your answers
1 of 68
Term
The formal judicial proceeding to prove the validity of a will and to
distribute the assets of a decedent's estate is called:
Give this one a try later!
foreclosure probate
, encumbrance devise
Don't know?
2 of 68
Term
A seller is going to continue to occupy a property for two days after
closing. In this case, the parties should use the Buyer's Temporary
Residential Lease form.
Give this one a try later!
True False
Don't know?
3 of 68
Term
RESPA prohibits ________, which is considered an abusive practice.
Give this one a try later!
, commissions rebates
referrals kickbacks
Don't know?
4 of 68
Term
An offer may be withdrawn at any time prior to its acceptance by the
offeree
Give this one a try later!
True False
Don't know?
, 5 of 68
Term
A contract in which only one party is obligated to perform is a________
contract.
Give this one a try later!
mutual reciprocal
unilateral bilateral
Don't know?
6 of 68
Term
FHA loans include two mortgage insurance premiums that must be
paid by the borrower. They are the:
Give this one a try later!
UFMIP and Annual Premium Escrow Fee and down Payment
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TheAlphanurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.