Multiple Choice
Contracts for sale may contain sections that cause implementation of the contract to depend on the successful completion of some prior action such as the buyer's ability to obtain financing on specified terms.This type of contract is commonly referred to as a(n) :
A) assignment
B) equitable title
C) contract with contingencies
D) uniform settlement statement
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
Q10: Both parties to a valid and enforceable
Q11: Since the issues in many transactions are
Q12: While the principal parties to a transaction
Q14: Any contract,whether it is for the sale
Q17: In accordance with RESPA,whenever a buyer obtains
Q17: At the closing,the buyer will be credited
Q30: If property owners fail to pay their