Contracts
A Massachusetts 'time of the essence' clause can be waived if:
AIt is waived verbally by one party
BBoth parties agree in writing to extend a deadline or otherwise conduct themselves in a manner demonstrating waiver✓ Correct
CThe waiver is filed with the Registry of Deeds
DThe broker agrees to the extension
Explanation
While time is of the essence clauses make deadlines strictly enforceable, they can be waived by mutual written agreement or by conduct (e.g., consistently accepting late payments or agreeing to delay while proceeding toward closing).
Related Massachusetts Contracts Questions
- The term 'accord and satisfaction' in contract law means:
- A Massachusetts P&S specifies a closing 'on or before' a certain date. This language means:
- A Massachusetts buyer's P&S includes a 'due diligence' contingency rather than a specific home inspection contingency. This broader contingency allows the buyer to:
- A Massachusetts residential P&S is signed but the property burns down before closing. Under the common law doctrine of equitable conversion, who bears the risk of loss?
- In Massachusetts, a seller who makes a 'material misrepresentation' in the Seller's Disclosure Statement may be liable under:
- A Massachusetts P&S has a 'liquidated damages' clause. For the clause to be enforceable, the amount must be:
- Under Massachusetts law, an 'accord and satisfaction' in real estate contracts means:
- In Massachusetts, a 'unilateral contract' is exemplified by:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →