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Tamiku [17]
3 years ago
5

Both parties to a valid and enforceable contract must provide consideration. In a contract for the sale and purchase of real est

ate, which of the following depicts the seller's
consideration?
A. A meeting of the minds with the buyer.
B. The option to present a counteroffer.
C. The property to be given up.
D. The money or goods that constitute the purchase price
Business
1 answer:
Wittaler [7]3 years ago
3 0

Answer:

The correct answer is C

Explanation:

The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.

For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).

So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.

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pay a wage rate less than labor's MRP

Explanation:

A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"

The above statement is based on the idea that Monopsony is a market situation whereby a single buyer or firm is the only purchaser of a good or service, which in most cases has to do with the purchase of labor.

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