Miller agreed in writing to purchase Owner Morgan's property through Broker Gold. Miller deposited with Gold a personal check for $500 towards a purchase price of $65,000. The offer contained the following clause: "Conditioned upon the obtaining of a VA loan for $65,000 for a period of 30 years, payable at approximately $679 per month including interest at the rate of 11% per annum plus taxes and insurance." Which most nearly represents Buyer Miller's option under this purchase transaction:
A: If the $65,000 VA loan is not obtainable, the buyer may renegotiate the terms of the purchase contract if mutually agreeable between buyer and seller;
B: If the Certified Real Value (CRV) is less than $65,000, Buyer Miller would be entitled to cancel the transaction;
C: If the Certificate of Real Value on the property is $63,000, the buyer could complete the purchase by making an additional $2,000 down payment;
D: The buyer could select any of the above.
Answer: D: The buyer could select any of the above.
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When the parties to a negotiation cease to make progress toward a settlement they are said to be at _____
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The Academy of Management established a division of organizational behavior in 1971
The division provided a forum for research and discussion about important outcomes in organizational behavior among researchers from many diverse fields, not just management. What type of contemporary organization best describes the Academy of Management? A) Community of practice B) Network C) Professional D) Since the division was established in 1971, it is not classified as a contemporary organization