Which Is the Following Is Not a Usual Step in the Process

question 13

Multiple Choice

Which is the following is not a usual step in the process of buying real property?

• A)The purchaser arranges finance or a building, pest or other inspection
• B)The purchaser makes an offer
• C)The purchaser signs a contract
• D)The purchaser pays a 25% deposit

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Definitions:

Executory Contracts

Contracts under which both parties have obligations that are not yet fulfilled.

Technical Meaning

Specific definitions or interpretations of terms and concepts unique to a particular field or discipline, distinct from common or layperson understandings.

General Rules

Foundational principles or guidelines designed to dictate behavior or regulate procedures in various contexts.

Memorandum of Understanding

A document outlining the preliminary agreements between two or more parties before the finalization of a contract.