Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real estate, which of the following depicts the seller's consideration?
A) A meeting of the minds with the buyer.
B) The option to present a counteroffer.
C) The property to be given up.
D) The money or goods that constitute the purchase price.

Question

Quizplus · Accepted Answer

The seller's consideration in a real estate transaction is the property they agree to transfer to the buyer. This is what the seller gives up in exchange for the purchase price, making it the consideration provided by the seller.

Both Parties to a Valid and Enforceable Contract Must Provide