Real Estate 84 ch08 quiz - 1 out of 1 points If a contingency is not fulfilled despite a good faith effort to fulfill it what may the person who

Real Estate 84 ch08 quiz - 1 out of 1 points If a...

  • Chabot College
  • REST 84
  • Test Prep
  • rickyd510
  • 15
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1 out of 1 points If a contingency is not fulfilled despite a good faith effort to fulfill it, what may the person who benefits from the contingency do? Selected Answer:d. Either A or BAnswers: a. Terminate the agreement and have the good faith deposit returnedb. Remove the contingency and continue with the agreementc. Sue the other party for a breach of contractd. Either A or B Question 2 1 out of 1 points Which party to a purchase agreement usually benefits from a contingency?
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Question 3 1 out of 1 pointsA buyer and seller agree that the sale will be contingent on the buyer obtaining financing.The buyer later decides that she doesn't want the property, so she doesn't bother to fill outany loan applications. The contingency is dropped from the agreement because:
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Question 4 1 out of 1 pointsA certain contingency benefits both the buyer and the seller. Whose consent is needed to remove this contingency? Question 5 1 out of 1 points Which of the following is not a necessary element in a contingency?
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  • Spring '14
  • AMBERD.HATTER
  • Sales, buyer, Contingency, Sue Carl

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