Contracts
Which of the following constitutes valid consideration in a real estate purchase contract?
AA promise to paint the house after closing
BLove and affection between family members
CThe buyer's promise to pay the purchase price✓ Correct
DThe agent's commission obligation
Explanation
Consideration must be something of legal value. In a purchase contract, the buyer's promise to pay the purchase price and the seller's promise to convey title are the mutual consideration. Love and affection is generally not sufficient legal consideration for a real estate contract.
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