Contracts
New Hampshire uses a 'Purchase and Sale Agreement' as the primary real estate contract. For it to be valid, consideration must be:
ACash only
BSomething of value exchanged between the parties✓ Correct
CAt least 1% of the purchase price
DApproved by both parties' attorneys
Explanation
Consideration is anything of value (money, services, a promise to act or refrain from acting) exchanged between parties. In a real estate purchase, the consideration is the purchase price and the seller's obligation to convey title.
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