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:

Compression Strength

The capacity of a material or structure to withstand loads tending to reduce size, measured in force per unit area.

Chondroblasts

Cells that produce cartilage, developing into chondrocytes which are the cells primarily found in cartilage.

Cartilage Matrix

The extracellular component of cartilage, composed primarily of water, collagen, and proteoglycans, supporting tissue flexibility and resistance.

Calcium

Calcium is a chemical element, essential for life, playing a crucial role in many cellular processes including muscle contraction, nerve function, and blood clotting.