Contracts
Which clause in a Hawaii purchase contract allows the seller to accept a better offer while keeping the original contract active?
AA. Acceleration clause
BB. Escape clause (kick-out clause)✓ Correct
CC. Due-on-sale clause
DD. Defeasance clause
Explanation
An escape or kick-out clause allows the seller to market the property and accept a better offer, giving the original buyer the opportunity to remove contingencies or be released.
Related Hawaii Contracts Questions
- In Hawaii, a 'rent-to-own' agreement is also known as a:
- A Hawaii buyer makes an offer that is accepted by the seller. Before closing, the seller passes away. What happens to the contract?
- In Hawaii, an option contract gives the optionee the:
- In Hawaii, consideration in a real estate contract must be:
- A Hawaii real estate listing agreement is a contract between the seller and:
- In Hawaii, a real estate purchase contract must be in writing to be enforceable under the:
- In Hawaii, a real estate contract that is 'void' is:
- In Hawaii, the listing agreement's expiration date is important because:
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →