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Law of Contracts

This class was created by Brainscape user A V. Visit their profile to learn more about the creator.

By: A V

Decks in this class (25)

Contract Law Part I
What is the purpose of trela,
How many commission members are t...,
What is an easement
49  cards
Contract Law Part I-2
Acceleration clause,
Addendum,
Amendment
26  cards
Contract Law Part II
The purpose of trela and the rule...,
A license holder may help a party...,
If a licensee participates in the...
30  cards
Contract Law Part III
What does trela section 53711 use...,
Trec does not promulgate which fo...,
In the one to four family residen...
33  cards
Law and Real Property
What are the main areas of real p...,
What type of regulations does the...,
What types of regulations do loca...
39  cards
Ownership
What are the three main forms of ...,
What three types of co ownership ...,
What does a living trust do
23  cards
Introduction to Contracts
Explain performance and forbearan...,
List the six elements required of...,
If deliberate deception fraud or ...
53  cards
Interests, Estates, and Encumbrances
What is undivided interest,
If an interest holder enjoys the ...,
If a private interest holder does...
30  cards
Rights and Environmental Issues
Name three rights appointed to a ...,
Which rights applies to any attem...,
Water rights are for what purpose
40  cards
Contracts and the Law
Define contract,
All the terms and covenants of th...,
Explain bilateral contract
45  cards
Listing Contracts
What happens when a seller makes ...,
What is a contingency and what is...,
What does the escrow clause in a ...
33  cards
Leases
What is a lease,
What makes a lease a binding cont...,
In what circumstances are tenants...
45  cards
Options, CFD, and Lease Purchase
What is an option,
How is right of first refusal dif...,
Why do developers often use land ...
26  cards
The Sales Contract Part I
Describe the process of making an...,
What four options does a seller h...,
When does an offer become a contract
29  cards
The Sales Contract Part II
Define conveyance,
What are the three stages of conv...,
Any legal instrument in writing w...
42  cards
Contingencies and Amendments
What is a contingency clause,
When does a contingency become pa...,
What are the two ways to write a ...
25  cards
Addenda
What is the most common fha loan ...,
What is the current maximum dolla...,
What document is to be used if th...
20  cards
Financing Instruments
List the three theories regarding...,
An investor that lends money secu...,
Which clause in a mortgage allows...
46  cards
Owner Financing, Foreclosures, Short Sales, and Liens
What is a land contract,
What are the disadvantages of a l...,
What are the disadvantages of a l...
34  cards
Financing Market and Loan Programs
Who is involved in a primary mort...,
What is the primary function of a...,
What is the primary function of a...
35  cards
Financing Legislation and Computerized Loan Origination
What does respa require that is a...,
What does the truth in lending ac...,
Who does regulation z apply to
16  cards
Conveyance of Title
What is voluntary alienation,
What is important to know about a...,
What is the negative aspect of a ...
45  cards
Transaction Process Part I
Name three items in the real esta...,
The listing broker is responsible...,
The brokers that earn a split of ...
33  cards
Transaction Process Part II
What does a standard home inspect...,
What does a typical inspection re...,
Name three types of inspections b...
46  cards
Common Contract Mistakes
How should a partys name be liste...,
What is true about using the stre...,
What can happen if a licensee for...
19  cards

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Law of Contracts

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