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Home Q & A Board Humanities Legal Studies
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tdd09070 tdd09070
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6 years ago
A contract in which the seller agrees, for a fee, to keep an offer to sell a property open for a specified period of time, during which the offer may not be revoked, is a(n):
 
  a. Contingent contract
  b. Offer to sell contract
  c. Option contract
  d. Revocable contract

Q. 2

When does the holdover doctrine apply?
 
  What will be an ideal response?

Q. 3

The loan that replaces the construction loan upon the completion and lease-up of a new real estate development, is a(n):
 
  a. Permanent loan
  b. Take-out loan
  c. Construction loan
  d. Both a. and b. are correct

Q. 4

Who are the parties to a lien?
 
  What will be an ideal response?

Q. 5

The Uniform Consideration Code governs the sale of goods.
 
  Indicate whether the statement is true or false

Q. 6

What is the purpose of title insurance?
 
  What will be an ideal response?
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frizzygirlfrizzygirl
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6 years ago
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tdd09070 Author
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#2
6 years ago
All are right
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