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) Competent parties
B) Consideration
C) Offer and acceptance
D) Written form
Correct Answer:
Verified
Correct Answer:
Verified
Q5: In certain circumstances,mutual assent between the contracting
Q9: The distinction between legal title and equitable
Q10: In general,most contracts - including real estate
Q11: Since the issues in many transactions are
Q12: Contracts for sale may contain sections that
Q12: While the principal parties to a transaction
Q17: In accordance with RESPA,whenever a buyer obtains
Q17: At the closing,the buyer will be credited
Q18: The Real Estate Settlement Procedures Act (RESPA)is
Q19: The successful conveyance of real estate depends