The buyer includes earnest money as part of an offer to purchase with the understanding the earnest money would be returned if the buyer is unable to qualify for a loan. Which of the following clauses should be included in the offer to reflect the buyers request?
A. "As is" clause,
B. "Time is of the essence" clause
C. Mortgage contingency clause.
D. Property sale contingency clause.
Answer: C. Mortgage contingency clause.
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Which one of the following statements is correct?
A. Preferred stock can be callable. B. Preferred stock generally has a stated liquidation value of $1,000 per share. C. Dividend payments to preferred shareholders are tax-deductible expenses for the issuing firm. D. Preferred dividends are generally variable in amount. E. Preferred shareholders receive preferential treatment over bondholders in a liquidation.
Which of the following defensive strategies allows a business to exit the market rapidly?
A) a monetize market strategy B) a disintermediation market strategy C) a divest market strategy D) a harvest market strategy E) an optimize market strategy