Promulgated forms - Study guides, Class notes & Summaries

Champions Promulgated Forms| 157 Questions and Answers 100% Accurate Champions Promulgated Forms| 157 Questions and Answers 100% Accurate Champions Promulgated Forms| 157 Questions and Answers 100% Accurate Loan Assumption - ANSWER-When a new buyer takes over the seller's existing mortgage loan. legal description - ANSWER-A written description of a parcel of land which locates it precisely and will hold up in court. (Does not include address.) third party financing - ANSWER-fin...

Promulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% VerifiedPromulgated Contract Forms: Final Exam 2024 Questions and Answers 100% Verified When earnest money is deposited with an escrow agent, the escrow agent: - ANSWER-A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest on the money How does th...

Texas Promulgated Contracts-CHAMPIONS STUDY WITH CORRECT SOLUTIONS The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - answerB A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilater...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Promulgated Forms – Champions (Champions School of Real Estate) with Complete SolutionsPromulgated Forms – Champions (Champions School of Real Estate) with Complete SolutionsPromulgated Forms – Champions (Champions School of Real Estate) with Complete SolutionsMutual Consent - ANSWER-"meeting of the minds" unilateral contract - ANSWER-A contract in which only one party is obligated to perform consideration - ANSWER-Something given in exchange for a promise option - ANSWER-an agr...

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Promulgated Forms Final Exam Study 2023 Rated A+ 1. The effective date- who, what, and when? Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day. 2. What is the legal proceedings brought by party to a contract against another party to compel action call forth in the agreement? Breach of a contract, one-party defaults, sues for specific performance, seek other relief - a...

Champions Promulgated Forms Exam Questions and Answers (Graded A) Champions Promulgated Forms Exam Questions and Answers (Graded A) Champions Promulgated Forms Exam Questions and Answers (Graded A) mutual consent - ANSWER-meeting of the minds consideration - ANSWER-something given in exchange for a promise option - ANSWER-an agreement between a buyer and seller giving the buyer the right to purchase a property at a present price for a given period of time void contract - ANSWER...

Final Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% CorrectFinal Exam Study - Promulgated Forms (Law of Contracts II) Questions and Answers 100% Correct 1. The effective date- who, what, and when? - ANSWER-Between the buyer and the seller, The date on which the communication was...

Texas Promulgated Contracts-CHAMPIONS Exam, Answered-The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...