A Purchase Agreement for the Purchase of Real Property Is

question 61

Multiple Choice

A purchase agreement for the purchase of real property is

• A) not necessary in a cash sale when the amount of earnest money paid equals the purchase price.
• B) a legally enforceable contract which is binding on the seller as soon as it is signed by the buyer if the price and terms of the listing agreement are met exactly.
• C) legally enforceable and binding on the buyer as soon as it is signed by him.
• D) enforceable when the seller signs it and the buyer is notified of the seller's acceptance.

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Definitions:

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The ability to analyze information and solve problems using language-based reasoning, including reading comprehension, vocabulary acquisition, and effective communication.

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