Contracts
A Massachusetts P&S includes a 'subject to' clause making the contract conditional on the sale of the buyer's current home. This creates what type of condition?
AA condition precedent—the sale must occur before the buyer's obligation to purchase becomes binding✓ Correct
BA condition subsequent—the buyer must purchase first and then sell their home
CA condition of acceptance—the seller accepts conditionally
DA merger clause
Explanation
A home sale contingency is a condition precedent—the buyer's obligation to purchase only becomes binding if the specified event (sale of their current home) occurs. If the condition fails, the contract is discharged.
Related Massachusetts Contracts Questions
- The 'integration clause' (merger clause) in a Massachusetts P&S agreement states that:
- A Massachusetts residential Purchase and Sale Agreement is signed on February 1. The mortgage contingency deadline is March 1. The buyer cannot obtain financing and fails to notify the seller by March 1. What happens?
- A real estate contract that is 'void' means it:
- The term 'accord and satisfaction' in contract law means:
- Under Massachusetts law, which element would render a real estate contract void (not merely voidable)?
- A Massachusetts homeowner wants to convey their property to their child for $1. The deed is valid even with nominal consideration because:
- Under Massachusetts law, which of the following makes a contract unenforceable due to illegality?
- Which type of listing agreement gives only one broker the right to sell, but the seller retains the right to sell personally without paying a commission?
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →