The successful conveyance of real estate depends on a well-formed contract for sale since the contract dictates the rights and type of deed involved, as well as choreographs the entire transaction. Which of the following features of the contract for sale refers to the arrangements agreed to by the parties, such as price and date of closing?
A) Contract terms
B) Contract conditions
C) Equitable title
D) Contingency clause

Question

Quizplus · Accepted Answer

Contract terms refer to the specific arrangements agreed to by the parties, including the price, date of closing, and other important details of the real estate transaction. Contract conditions refer to requirements that must be met before the sale can be completed, while equitable title and contingency clauses are separate concepts related to the sale of real estate.

The Successful Conveyance of Real Estate Depends on a Well-Formed