Law of contract practice EXAM QUESTIONS WITH ACTUAL CORRECT ANSWERS CURRENTLY TESTING QUESTIONS
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Course
Law of contract practice
Institution
Law Of Contract Practice
The text consists of a series of law of contract practice exam questions with actual correct answers. The questions cover a wide range of topics related to real estate, including regulations, contracts, deeds, leases, and more. Each question is followed by the correct answer for reference.
Key I...
TREC's residential contract forms, ______, are mandatory for license holders, with few exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas - ANSWER-(b) drafted by the Broker Lawyer
Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures - ANSWER-(c) Goods
The _______ statute provides that the sender's message must contain clear and conspicuous notice that
the message is an advertisement or solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act - ANSWER-(a) CAN-SPAM
A ________ is a possible polluter who may be held liable under CERCLA for the contamination of a
property or resource.
(a) Safe Harbor
(b) EBR
, (c) PRP
(d) TMARR - ANSWER-(c) PRP
If you hire a mold remediator he must give you _______ 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) Certificate of Mold Remediation
The rights that extend above the surface of land without limitation are known as ______ rights.
(a) improvement
(b) subsurface
(c) surface
(d) air - ANSWER-(d) air
______ are man-made additions to the land that are permanent and considered to become part of the
land.
(a) Surface rights
(b) Improvements
(c) Fixtures
(d) Personal properties - ANSWER-(b) Improvements
Another name for personal property is _______.
(a) Furniture
(b) Fixutre
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