Contracts
In Montana, consideration in a real estate contract is typically:
AA verbal promise with no monetary value
BThe purchase price or something else of value exchanged by the parties✓ Correct
CThe agent's promise to market the property
DThe seller's decision to list with an agent
Explanation
Consideration is something of value exchanged by the parties to support the contract. In a real estate purchase contract, the consideration is typically the purchase price (money) exchanged for the property.
Related Montana Contracts Questions
- An assignment of a real estate contract transfers:
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