A purchase contract provision stating that the buyer shall forfeit the deposit if the buyer fails to complete the purchase is known as
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When a property is under contract, normally the one holding…
When a property is under contract, normally the one holding _____ title assumes the risk of loss in the event of damage or destruction before conveyance, buy by agreement, the liability may be moved to the one holding ________ title.
Whenever the duty to perform is terminated, a contract is __…
Whenever the duty to perform is terminated, a contract is _____.
Sam made an offer on a property that was rejected by the sel…
Sam made an offer on a property that was rejected by the seller. The offer from Sam is now
“Contracts whose object or the manner in which they are to b…
“Contracts whose object or the manner in which they are to be performed is contrary to the law or public policy are illegal and, consequently, void.” The previous statement describes ____.
In South Carolina, there was an oral agreement for the selle…
In South Carolina, there was an oral agreement for the seller to fix an uneven floor prior to the buyer purchasing the house. The purchase transaction was completed. However, the buyer, later, realized the seller did not fix the uneven floor. What is course of action can be taken by the buyer?
A breach of contract is the unexcused non-performance of a c…
A breach of contract is the unexcused non-performance of a contract which occurs when one party to the contract does which of the following:
A contract in which the terms are determined from observing…
A contract in which the terms are determined from observing the conduct of the parties is a/an _____ contract.
The principle that holds that property reaches and maintains…
The principle that holds that property reaches and maintains its highest value when its utilization is in harmony with its surrounding is the principle of
There are 4 great forces that influence value. Which one rel…
There are 4 great forces that influence value. Which one relates to business trends?