Timeshare Test #2 Questions and Answers (100% Pass)
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Course
Timeshare License
Institution
Timeshare License
Timeshare Test #2 Questions and Answers (100% Pass)
The Nevada Revised Statue that deals with the timeshare industry in Neveda is
titled: - Answer️️ -119A
Timeshare right to use is considered: - Answer️️ -A contractual agreement
Timeshare is: - Answer️️ -A way to freeze vacation cos...
Consideration in connection with a contract may be which of the following: -
Answer✔️✔️-A payment of money
A void contract is one that is: - Answer✔️✔️-Not enforceable by law
A voidable contract is: - Answer✔️✔️-Valid until action is taken to make it void
The majority of timeshare owners are: - Answer✔️✔️-Fee deed and title
The great percentage of timeshare exchanges were purported to be: - Answer✔️✔️-
Successful
The law that requires certain contracts to be in writing to be enforceable is called
the: - Answer✔️✔️-Statute of Frauds
An agency coupled with an interest is one: - Answer✔️✔️-Where the salesperson
makes a secret profit at the expense of this principal
An agent warrants: - Answer✔️✔️-His authority to act on his client's behalf
A salesman may lose his license for commingling. Which one of the following
would not be considered commingling? - Answer✔️✔️-Holding an uncashed deposit
check at the direction of the buyer
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