medium · National Real Estate Exam contracts
A buyer is unable to close on a house because they were drafted into the military and sent overseas, making it impossible to sign documents or take possession. This is likely:
- A breach of contract
- A novation
- A discharge by operation of law
- A discharge by impossibility
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More National Real Estate Exam contracts practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim