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Exam Unit 9: Practice Makes Perfect With Questions And 100% ALL SURE ANSWERS
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Exam Unit 9: Practice Makes Perfect With Questions And 100% ALL SURE ANSWERS
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JACKLINEExam Unit 9: Practice Makes Perfect With Questions And 100% ALL SURE
ANSWERS
Terms in this set (53)
Under the Seller Financing Addendum to the d
contract from Johnson to Swanson, for how many
years can Swanson continuously rent the property
without having the due on sale clause kick in?
A)
Two
B)
There is no limit
C)
One
D)
Three
Exam Unit 9: Practice Makes Perfect
1/22
,Under the contract between Kramer and Sweeney, c
what happens if Kramer and Wright amend the
first contract?
A)
An amendment of the first contract automatically
terminates the back-up contract.
B)
An amendment of the first contract terminates
both contracts.
C)
An amendment of the first contract does not
terminate it.
D)
An amendment of the first contract automatically
terminates it.
Under the Seller Financing Addendum to the a
contract from Johnson to Swanson, Swanson
timely delivers his credit report after the May 12
effective date. The credit report shows that
Swanson has very poor credit. Johnson was
hospitalized with a heart attack three days after he
gets the report. By what date must Johnson
terminate based on Swanson's credit report?
A)
May 24
B)
May 17
C)
May 27
D)
May 20
Exam Unit 9: Practice Makes Perfect
2/22
, Under the Seller Financing Addendum to the a
contract from Johnson to Swanson, what happens
if Swanson timely delivers his credit report but
Johnson does not terminate within seven days
after expiration of the time for delivery?
A)
Johnson will be deemed to have approved
Swanson’s credit.
B)
Johnson may still terminate within the option
period.
C)
The contract is void.
D)
Johnson may terminate within three more days.
Under the lead-based paint addendum to the c
contract from Fleming to Donaldson, how long
does Donaldson have to terminate the contract if
lead paint is present?
A)
15 days
B)
10 days
C)
14 days
D)
3 days
Under the contract from Fleming to Donaldson, b
who holds the option fee?
A)
ABC Title
B)
Fleming
C)
Wonderful Properties
D)
I Sell More Properties
Exam Unit 9: Practice Makes Perfect
3/22
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