Rele 1211 Study guides, Class notes & Summaries

RELE 1211 – Law of Contracts Final Exam A+ 2023. Which of the following is FALSE regarding community property? a. It consists of real and personal property acquired by either spouse during the marriage. b. Its conveyance requires the signature of both spouses. c. The spouses can will their half of the property to whomever they desire. d. It can be mortgaged or conveyed by one spouse without the consent of the other. 5. Fee simple ownership, shared walls, and a fractional interest in comm...

RELE 1211 Final Review 2023 All Possible Questions and Answers with complete solution

What is NOT one of the main contingencies in a TREC contract - Answer- Price What happens if the events or occurrences set forth in the contingency will NOT come to pass and cannot be corrected - Answer- The buyer can back out of the contact legally What is an example of a title contingency that is unlikely to be curable in time for a closing - Answer- The paperwork from the seller's divorce cannot be finalized What is an example of a property contingency that seller may either properl...

RELE 1211 – Law of Contracts Final Exam A+ 2023. Which of the following is an economic characteristic of real estate? a. Immobility b. Indestructibility c. Uniqueness d. Improvements 4. Which of the following is FALSE regarding community property? a. It consists of real and personal property acquired by either spouse during the marriage. b. Its conveyance requires the signature of both spouses. c. The spouses can will their half of the property to whomever they desire. d. It can be m...

RELE 1211 Final Review Exam Questions and Answers with complete solution

1. Which of the following are NOT included in the description of land? - Answer- a sewer system 2. A man owns 200 acres of prime hunting land. He has had a problem in the past with people using the land without his permission. He decides to post No Trespassing signs to prevent this in the future. The man is exercising his - Answer- right of exclusion 3. Fee simple ownership, shared walls, and a fractional interest in common areas are all characteristics of - Answer- town-house ownership ...

RELE 1211 Final Review | 2023/24 with complete answers What is NOT one of the main contingencies in a TREC contract - Price What happens if the events or occurrences set forth in the contingency will NOT come to pass and cannot be corrected - The buyer can back out of the contact legally What is an example of a title contingency that is unlikely to be curable in time for a closing - The paperwork from the seller's divorce cannot be finalized What is an example of a property contingency...

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RELE 1211 Law of Contracts