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Choose the One Most Appropriate Answer for Each

Question 61

Multiple Choice

Choose the one most appropriate answer for each.
-written evidence of the sale of personal property


A) "as is"
B) bill of sale
C) binder
D) closing date
E) delayed exchange
F) dry rot
G) earnest money deposit
H) equitable title
I) installment contract
J) lease-option
K) letter of intent
L) loan commitment
M) optionee
N) option fee
O) prorating
P) purchase contract
Q) qualified intermediary
R) right of first refusal
S) "time is of the essence"
T) vendee

Correct Answer:

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