A broker has listed a property for $ 2 2 5 , 0 0 0 . 2
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Question:
A broker has listed a property for $ An offer of $ contingent upon inspection comes in the first week and the R
seller accepts it Another offer of $ comes in the second week. The seller acepts It as a secondary offer contingent
upon the termination of the first offer. The first offeror demands the seller spend $ in repairs before going through with the purchase. The seller may do any of the following EXCEPT
O A agree to do the needed repairs and consummate the transaction with the first offeror.
O B refuse to do the repairs and still proceed with the sale in as is condition.
O C terminate the first agreement in writing and sell to the second offeror.
D ignore the demand and sell the property to the second offeror.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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