Law Of Contracts Champions Already Passed

A loan quoted at 6% for 15 years on a $200,000... {Ans: The answer is D}Contracts for conveyance of ownership in real estate must be ______ to be enforceable. {Ans: in writing}If the judge or jury rule that the licensed agent knowingly or intentionally deceived the consumer, damages have the potential be... {Ans: three times the offense.}How many types of promulgated lease forms does TREC provide? {Ans: 2}Any change to an offer is considered a _______. {Ans: counteroffer}In the event of default by the BUYER, the SELLER can choose to file suit against buyer for _______. This is the only remedy that would possibly result in the full execution of the transaction. {Ans: specific performance}A broker should only take net listings when the principal _______, and when the principal appears to be familiar with current market values of real property. {Ans: insists}In the case of two agreements, written agreements will always take precedence over ______ in the event of conflict. {Ans: verbal agreements}'1101' laws are associated with... {Ans: TRELA}Because of potential ethical and legal issues, ________ are discouraged and subject to great scrutiny. {Ans: net listings}A mortgage _________ provides its