Texas Real Estate Contracts - Chapter 1, Pre-test
5 Questions
| Attempts: 1111
.
Questions and Answers
- 1.A contract wherein both sides must perform.
- A.
Contract
- B.
Bilateral Contract
- C.
Broker Lawyer Committee
- D.
Statue of Frauds
- E.
Option
- 2.An agreement that gives a potential buyer the right for a specified period of time to purchase a property at predetermined price and terms.
- A.
Contract
- B.
Bilateral Contract
- C.
Broker Lawyer Committee
- D.
Statue of Frauds
- E.
Option
- 3.An agreement between two or more parties to do something or to refrain from doing something.
- A.
Contract
- B.
Bilateral Contract
- C.
Broker Lawyer Committee
- D.
Statue of Frauds
- E.
Option
- 4.A law that requires that certain contracts be in writing in order to be enforceable.
- A.
Contract
- B.
Bilateral Contract
- C.
Broker Lawyer Committee
- D.
Statue of Frauds
- E.
Option
- 5.A committee that writes TREC promulgated contract forms.
- A.
Contract
- B.
Bilateral Contract
- C.
Broker Lawyer Committee
- D.
Statue of Frauds
- E.
Option
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