Contracts
Consideration in a Nebraska real estate purchase agreement is typically:
AThe seller's good intentions
BThe exchange of the purchase price (money) for the conveyance of title (property)✓ Correct
CThe agent's commission
DThe buyer's promise to obtain financing
Explanation
Consideration is what each party gives in exchange — the buyer provides the purchase price and the seller provides title to the property. Both sides must give something of legal value.
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