Question

Which of the following is an example of a common clause in a purchase agreement? (A) the validity of the agreement depends on the seller's willingness to lower the (B) the validity of the agreement depends on the buyer's willingness to keep the asking price property as-is (C) the validity of the agreement depends on the buyer's ability to sell his or her own home (D) the validity of the agreement depends on the seller's ability prove he or she is buying another home

Answer 1

(C) the validity of the agreement depends on the buyer's ability to sell his or her own home

This is often known as a contingency clause or agreement because the purchase of the new home is contingent on the sale of the buyer's old home.