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Paul Agrees with William (Who Accepts)to Purchase William's House If

Question 37

Multiple Choice

Paul agrees with William (who accepts) to purchase William's house if Paul can arrange a mortgage for $250,000 in 30 days. The term regarding the mortgage arrangement is called:


A) An option to purchase.
B) An offer to purchase.
C) A conditional term
D) A real estate tender
E) A counter-offer

Correct Answer:

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