Champions-Law of Contracts Course Exam November Q&A Latest Update
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Champions Real Estate
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Champions Real Estate
Champions-Law of Contracts Course Exam November Q&A Latest Update
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| Uploaded on: | May 11, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 12 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Champions-Law of Contracts Course Exam November Q&A Latest Update |
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**Champions-Law of Contracts Course Exam** November 2025/2026 | 100% PASS In a residential lease with a "right of first refusal" provision: - Answer The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: - Answer -1) Scarcity 2) Modification 3) Situs 4) Fixity GIVES LAND ITS VALUE The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer -90 days A contract that is said to lack mutuality because only one party is obligated to perform is a________ contract. - Answer -Unilateral Contract At closing, the contract is: - Answer -fully executed According to the Deceptive Trade Practices Act (DTPA), brokerage falls under the category of ________. - Answer -Services
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