Paul Agrees with William (Who Accepts)to Purchase William's House If

question 1

Multiple Choice

Paul agrees with William (who accepts) to purchase William's house if Paul can arrange a mortgage for $250,000 in 30 days. The term regarding the mortgage arrangement is called:

• A)An option to purchase.
• B)An offer to purchase.
• C)A conditional term
• D)A real estate tender
• E)A counter-offer

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Definitions:

Low-Context Cultures

Cultures that emphasize communication via spoken or written words.

Communication

The process of transferring information, ideas, or feelings between individuals or groups to achieve understanding or share meaning.

Spoken Words

Oral forms of communication or expression, involving speech or verbal language used to convey thoughts, information, or feelings.

Cultural Intelligence

The capability to function effectively across national, ethnic, and organizational cultures.