Contracts
A Maine seller accepts an offer on their house but dies before closing. What happens to the contract?
AThe contract is automatically void
BThe contract typically remains binding on the seller's estate✓ Correct
CThe buyer must re-negotiate with the heirs
DThe listing broker becomes the seller
Explanation
Generally, a real estate purchase contract survives the death of a party and is binding on their estate. The estate is typically obligated to complete the sale under the contract terms.
Related Maine Contracts Questions
- In Maine, which of the following is a unilateral contract?
- In Maine, 'anticipatory breach' occurs when:
- Under Maine contract law, the parol evidence rule means that:
- In Maine, a purchase and sale agreement signed by a minor is:
- Under Maine law, which of the following is required for a real estate purchase agreement to be enforceable?
- In Maine, when a buyer includes an inspection contingency in a purchase agreement, the buyer has the right to:
- Under Maine contract law, earnest money held by a broker belongs to:
- In Maine, a 'seller's disclosure of property condition' form is intended to inform buyers of:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →