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UPDATED 2024 Law of Contracts EXAM

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A buyer defaults on a contract and the seller chooses to receive the earnest money. This is an example of: - ANSWER Liquidated damages In a residential lease with a "right of first refusal" provision: - ANSWER The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else Bill is the buyer purchasing a property from Sally. All contingencies have been met and the parties are ready to close. One day prior to closing, Sall...

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  • uploaded  23-02-2024
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