Texas law of contracts - Study guides, Class notes & Summaries

common law (Ans- the side of law which arises from judgements and decisions made in courts rather than explicit legislation statutory law (Ans- law formally created by lawmakers improvement (Ans- any non-natural structure built on or affixed to land real estate (Ans- a part of the surface of land to the center of the earth and upward to space, plus all improvements made by man or nature land (Ans- the surface of the earth, including all permanently attached natural features...

Texas law of contracts final test study material questions and answers

Doctrine of Prior Appropriation - A property owner wants to use water from a river that runs through the property to irrigate a corn field for beneficial use of the water. Based on this fact, it can be assumed that this property owners state relies on After an Offer has been accepted by a Seller, one of the first things done in the transaction process is that the Earnest money is deposited into the escrow account by - the buyer or buyer agent A buyer and a seller enter into a real estate sa...

TRID - ANSWER TILA-RESPA Integrated Disclosure Rule (The Final Rule) TRID Rule - ANSWER Lenders must give a copy of the booklet, must provide a loan estimate (within 3 business days), a closing disclosure RESPA - ANSWER Real Estate Settlement Procedures Act Adverse Possession - ANSWER A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. RESPA requirements include: - ANSWER Real Es...

The purpose of the TRELA is to... protect the public protect real estate brokers from unscrupulous salespeople keep the cost of real estate services under control protect real estate license holders - correct answer--protect the public The DPTA is a consumer protection law which protects the public from false or misleading acts deceptive acts unconscionable acts all of these - correct answer--all of these Which action might leave a license holder open to ...

TEXAS LAW OF CONTRACTS EXAM REVIEW

Counteroffer - ANSWER A buyer makes an offer, the seller wants to accept the offer if the buyer will agree to a change in price. In these circumstances, the seller will give the buyer a Statute of Frauds - ANSWER What law requires certain types of contracts to be enforceable? Addresses in the sales contract - ANSWER the buyer and the seller have agreed that the seller will remove a huge birdbath in the backyard before the buyer takes possession of the property. This agreement should be ...

RealEstateU- Texas Law of Contracts Exam Questions and Complete Solutions Graded A+

Texas Law of Contracts Exam Review Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)

Law of Contracts - Champions Test | Questions & Answers (Graded A+) Law of Contracts - Champions Test | Questions & Answers (Graded A+) Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER - fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ANSWER - 90 days __________ extend above the surface without limitation. - ANSWER - air rights An example(s) of an appurtenance would be: - ...