In New South Wales Which of the Following Statements Is

question 17

Multiple Choice

In New South Wales which of the following statements is not true in relation to the exchange of contracts stage of the conveyancing process?

• A)The exchange creates an enforceable contact and gives the purchaser an equitable interest in the land.
• B)A real estate agent may exchange contracts for the sale of a residential property if they have been authorised by a contracting party or that party's conveyancer.
• C)The purchaser usually signs two copies of the contract.One copy is handed to the vendor and the purchaser retains the other copy.
• D)The purchaser pays a deposit which is usually held in the trust account of the vendor's agent or invested until the settlement.

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Definitions:

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

Identification

The process by which an individual aligns themselves with the values, beliefs, and practices of another person or group, often as a role model.

Sublimation

A defense mechanism in which socially unacceptable impulses are transformed into socially acceptable actions or behaviors.

Displacement

A defense mechanism where an individual shifts negative feelings from the original source of distress to a less threatening person or object.