Contracts
What is 'closing in escrow' versus a 'table closing' in Idaho?
AThey are identical closing processes
BClosing in escrow is coordinated through a neutral escrow company processing documents in sequence; table closing involves all parties meeting simultaneously to sign and exchange consideration✓ Correct
CTable closing is only for commercial transactions
DClosing in escrow requires an attorney to be present
Explanation
Most Idaho closings are conducted 'in escrow' where a neutral escrow/title company coordinates the exchange of documents and funds, with parties signing separately. Table closings, where all parties meet simultaneously, are less common but do occur.
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