Which of the Following Is Not a Typical Provision in a Real

question 9

Multiple Choice

Which of the following is not a typical provision in a real estate sales agreement?

• A) Legal description of the property's location and size
• B) Rental amount
• C) Whether the sale is contingent on the buyer's obtaining financing
• D) Prorations of taxes, insurance, or other obligations

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Definitions:

Investing Activities

Financial activities related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Financing Activities

Financial transactions primarily involved with funding the company and its capital structure, including issuing debt, paying off debt, and equity transactions.

Issuing Debt

The process in which a corporation or governmental entity raises funds by selling bonds, bills, or notes to investors with a promise to pay back the principal along with interest on a specified date.

Acquiring Investments

The process of allocating resources, usually money, to purchase financial assets in the hope of generating income or capital appreciation.