The ability of the buyer to obtain financing is generally an implied condition precedent to performance under the purchase contract.
Correct Answer:
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Q3: The Interstate Land Sales Full Disclosure Act
Q4: The ILSFDA applies only to multi-unit housing.
Q5: The ILSFDA carries criminal penalties for violation.
Q6: To deliver marketable title, the seller must
Q7: Conditions precedent may serve to excuse the
Q9: All new homes carry implied warranties for
Q10: An option for real estate need not
Q11: An option requires a seller to hold
Q12: An option need not have consideration to
Q13: The delivery of marketable title is a
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