Contracts
The merger doctrine in real estate contracts states that:
ATwo contracts merge into one automatically
BAll prior contract terms merge into the deed at closing, and only deed terms govern afterward✓ Correct
CA counteroffer always merges with the original offer
DThe listing agreement merges with the purchase agreement
Explanation
The merger doctrine holds that at closing, the purchase contract 'merges' into the deed. After closing, the deed typically governs, and most contract terms (except those expressly surviving closing) are extinguished.
Related Arkansas Contracts Questions
- A buyer's offer states it will expire at 5:00 PM on Friday. The seller signs and returns the acceptance at 6:00 PM Friday. This creates:
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