Multiple Choice
Any contract, whether it is for the sale of real estate or some other entity, must contain five basic elements. However, any contract for the sale of real estate must adhere to two additional requirements. Which of the following contract elements is an additional requirement that must be satisfied in a contract for sale of real estate that isn't necessarily a part of other contracts?
A) No defects to mutual assent
B) Consideration
C) Offer and acceptance
D) Written form
Correct Answer:
Verified
Correct Answer:
Verified
Q4: At the closing, the buyer will be
Q5: When a party in a contract fails
Q6: Placed under the umbrella of the Consumer
Q7: Suppose that you decide to purchase a
Q8: Since property taxes are paid in arrears,
Q10: Both parties to a valid and enforceable
Q11: While fee splitting between cooperating real estate
Q12: While the principal parties to a transaction
Q13: The final step in a real estate
Q14: While many closings are conducted as a