Property taxes for the current year are generally prorated under a contract

Question 1.1. If time is not of the essence, a party has a reasonable period of time after a date specified in a contract to perform. (Points : 2)
True
False

Question 2.2. Property taxes for the current year are generally prorated under a contract. (Points : 2)
True
False

Question 3.3. A personal check is deemed a cash equivalent under a contract. (Points : 2)
True
False

Question 4.4. Some states require the seller of residential property to make a full disclosure about the condition of the property to the buyer. (Points : 2)
True
False

Question 5.5. The doctrine of caveat emptor requires that a buyer bears the burden of examining and finding any defects in the condition of improvements on real estate that he or she purchases. (Points : 2)
True
False

Question 6.6. A purchaser usually takes possession of the property at the time of the closing of the contract. (Points : 2)
True
False

Question 7.7. The date the purchaser takes possession of the property is known as the closing date of the contract. (Points : 2)
True
False

Question 8.8. The law in most states prohibits parties from orally testifying about a written contract. (Points : 2)
True
False

Question 9.9. It is not necessary for a contract to state consideration flowing from one party to another. (Points : 2)
True
False

Question 10.10. The failure to meet a condition precedent makes a contract unenforceable. (Points : 2)
True
False

……………………Answer preview……………………..

Question 1.1. If time is not of the essence, a party has a reasonable period of time after a date specified in a contract to perform. (Points : 2)
       True

Question 2.2. Property taxes for the current year are generally prorated under a contract. (Points : 2)
       True


Question 3.3. A personal check is deemed a cash equivalent under a contract. (Points : 2)
       False……………………………………….

APA

236 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below