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Law of contracts champions school Questions with Correct Answers
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Law of contracts champions school Questions with Correct Answers
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Law of contracts champions school Questions withCorrect Answers
Was created in 1949 by the Legislature. 9 members carry out the
provisions of the TRELA Correct Answer-TREC
Passed in 1939 Correct Answer-TRELA
1-4 family residential contract Correct Answer-Has promlgated sales
contract forms for most
Deceptive trade practices act is a Texas law that applies to trade and
commerce that was passed in 1973. It allows aggrieved consumers to sue
the seller of goods for damages. The act of the seller must have been
deceptive and unfair for the consumer to receive monetary damages
Correct Answer-CTPA
tangible chattels, real property, sale of a house Correct Answer-Goods
individual, partnership, or government source who seeks to acquire to
purchase the good or service. Correct Answer-Consumer
Using adjectives and opinion rather than facts. Exaggeration. Correct
Answer-Puffing
Part of the Texas Business and Commerce Code, Title 2 Correct
Answer-DPTA
, work or labor brokerage Correct Answer-Services
has two promulgated forms Correct Answer-Trec
A body of law developed in England and based upon common sense and
local custom Correct Answer-Common Law
The body f laws and regulation enacted by federal and state legislatures.
Correct Answer-Statutory Laws
All that is encompassed in land with the addition of all man made
buildings, improvements, roads etc. Correct Answer-Real Estate
Goes beyond physical real estate and includes a persons right to the land
(bundle of rights) Correct Answer-Real Property
Gives the individual the right to improve the land and to use the lands
resources such as gravel, water, stone, and limestone. Correct Answer-
Surface rights
Rights to oil, as, and minerals Correct Answer-Subsurface Rights
Personal property that has been attached to the land. Correct Answer-
Fixture
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