Contracts
What is the legal term for the Rhode Island Real Estate seller's obligation to have the legal ability to convey title?
AConsideration
BMarketable title✓ Correct
CFiduciary duty
DConsideration (alternative)
Explanation
The seller must be able to convey 'marketable title'—title that is free from reasonable doubt as to its validity, not subject to undisclosed encumbrances, and such that a reasonable buyer would accept it without a title objection.
Related Rhode Island Contracts Questions
- A buyer in Rhode Island signs a purchase agreement containing a financing contingency. If the buyer cannot obtain financing, the buyer may:
- A Rhode Island seller refuses to convey the property after the buyer has performed all obligations. What remedies does the buyer have?
- In Rhode Island, which party may rescind a residential purchase agreement after receiving the Residential Real Estate Condition Disclosure Statement?
- What is a 'contingency' in a Rhode Island real estate contract?
- An 'assignment' of a contract means:
- Under Rhode Island law, a contract entered into by a minor (under 18) to purchase real property is:
- A Rhode Island purchase contract is 'voidable.' This means:
- A Rhode Island seller's disclosure form is required to be provided by the seller under what law?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →