After Ten Years of Marriage and Months of Searching, Jan

question 24

Multiple Choice

After ten years of marriage and months of searching, Jan and Jon find what they think is their "dream house." Actually, they want to confirm the availability of required financing. What should they do?​

• A)"Bite the bullet," and sign the purchase contract immediately.
• B)Tell the seller "We'll be back; please hold this house for us and for our twins."
• C)Offer to purchase the home contingent upon their ability to obtain reasonable financing within a couple of weeks.
• D)Keep on looking; there's always a "better deal" somewhere, if you shop long enough.

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Definitions:

Judge's Decision

The ruling or verdict given by a judge at the end of a trial, which determines the outcome of the case.

Case Is Ripe

A legal principle indicating that a case has developed enough to be adjudicated by a court, primarily used in administrative law to prevent premature litigation.

ADR

Alternative Dispute Resolution refers to a range of processes that help parties resolve disputes without going to trial.

Resolution Of Dispute

The process by which conflicts are resolved, through negotiation, mediation, arbitration, or legal proceedings.