Montana Real Estate Exam - Contract of Sale All Possible Questions and Answers with complete solution
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Course
Montana Real Estate - Contract of Sale
Institution
Montana Real Estate - Contract Of Sale
To be enforceable, a real estate sales contract must contain: - At least an accurate description of
the property.
If a potential buyer suspects that a listed property may have once been an oil refinery, the buyer should:
- Include an environmental audit contingency provision in the offer.
The b...
To be enforceable, a real estate sales contract must contain: - At least an accurate description of
the property.
If a potential buyer suspects that a listed property may have once been an oil refinery, the buyer should:
- Include an environmental audit contingency provision in the offer.
The buyer's interest under a contract of sale is? - Equitable title (has the right to get ownership)
What concept gives a vendee the right to sue the vendor for specific performance on a signed contract? -
Right of equity
The buyer under a contract of sale has: - Equitable title
The seller in a purchase contract situation is the: - Vendor
The vendee has: - Equitable title
Equitable title: - Gives the buyer the right to sue the seller for specific performance.
The contract of sales obligates: - The seller to sell and the buyer to buy.
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