RELE 1300 –Chapter 1 Quiz Question 1Which of these promulgated forms does NOT include “time is of the essence”?The six promulgated contract forms Addendum for Back-Up Contract Buyer's Temporary Residential Lease Loan Assumption Addendum
Question 2A couple starts celebrating the sale of their home after their listing agent calls them with the news that they’ve received an acceptable offer. The listing agent says he is coming over to get their acceptance and signatures. However, by the time the agent arrives the sellers are completely inebriated. The agent has them sign the contract and then takes it to the title company. This contract is
Question 3The statute of limitations in Texas is
Question 4A person approaches an owner and says, “I’d like to buy your house.” The owner says, “Sure” and they agree on a price. What type of contract is this?