Contracts
Missouri's 'merger doctrine' provides that once a property closes:
AAll prior contracts merge into the deed
BAny contract provisions not specifically preserved in the deed or separate agreement are extinguished and the deed controls✓ Correct
CThe buyer and seller merge their interests
DAll contingencies survive closing
Explanation
The merger doctrine in Missouri holds that the purchase contract merges into the deed upon closing. Contract provisions not expressly preserved in the deed (or a separate agreement surviving closing) are generally extinguished after the deed is delivered.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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