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Question 1 of 10
1. Question
Which of the following statements best describes what will happen when you die intestate?
Correct
The law of descent controls the disposition of your properties following death.
Incorrect
The law of descent controls the disposition of your properties following death.
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Question 2 of 10
2. Question
You sign an optional deal to buy any property when a zoning amendment is being pursued. Which one of the following statements is true?
Correct
The seller would sell the property to the buyer (option holder) whether the owner wishes to buy the property.
Incorrect
The seller would sell the property to the buyer (option holder) whether the owner wishes to buy the property.
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Question 3 of 10
3. Question
The buyer needs to make sure that everything is all right with the house he’s renting. What does the situation imply?
Correct
The customer may want to make all of the options listed, but would definitely apply an inspection contingency clause to the sales contract.
Incorrect
The customer may want to make all of the options listed, but would definitely apply an inspection contingency clause to the sales contract.
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Question 4 of 10
4. Question
Generally speaking, the Parol Proof Law states which of the following?
Correct
The Parol Proof Law notes that written contracts take priority over oral contracts and that oral amendments to written contracts will not be enforceable.
Incorrect
The Parol Proof Law notes that written contracts take priority over oral contracts and that oral amendments to written contracts will not be enforceable.
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Question 5 of 10
5. Question
Which of the following statements best describes the practice of suit for specific performance?
Correct
You want the purchaser to perform, that is, to do or act in the manner he negotiated to and purchase your house.
Incorrect
You want the purchaser to perform, that is, to do or act in the manner he negotiated to and purchase your house.
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Question 6 of 10
6. Question
What does the contract for the selling of land states?
Correct
The real estate sales contract is shown to be executory before the closing date and all the terms have not yet been met.
Incorrect
The real estate sales contract is shown to be executory before the closing date and all the terms have not yet been met.
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Question 7 of 10
7. Question
Joe is able to purchase Sally’s home. If Joe can’t come up with the money, Tim decides to take the contract and purchase Sally’s house on the same terms and conditions. What does the situation imply?
Correct
There is mutual consent that Tim will take over the job, but it is the assignment of the current contract.
Incorrect
There is mutual consent that Tim will take over the job, but it is the assignment of the current contract.
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Question 8 of 10
8. Question
Which of the following statement best describes an estate at will?
Correct
The tenant will remain in the estate as long as the landlord lets him. In the estate at sufferance, the landlord suffers when the tenant stays, even though the landlord wants him to leave.
Incorrect
The tenant will remain in the estate as long as the landlord lets him. In the estate at sufferance, the landlord suffers when the tenant stays, even though the landlord wants him to leave.
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Question 9 of 10
9. Question
A renter’s lease expires, and the owner does not issue the tenant a new lease but instead, he allowed her to stay and still charge rent from her every month. Which one of the following statements is true?
Correct
An estate for years is a regular lease tenancy with a beginning and ending date. A periodic estate is (in this case) a monthly contract that periodically renews itself from time to time and with which the landlord approves the rent.
Incorrect
An estate for years is a regular lease tenancy with a beginning and ending date. A periodic estate is (in this case) a monthly contract that periodically renews itself from time to time and with which the landlord approves the rent.
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Question 10 of 10
10. Question
Landlord A leases room to Tenant B. Tenant B offers to rent the same space to Tenant C. What does the situation imply?
Correct
In the sublease, the original occupant is also responsible for the leasing terms, but conducts a contract between himself and the new tenant.
Incorrect
In the sublease, the original occupant is also responsible for the leasing terms, but conducts a contract between himself and the new tenant.