Contracts
In South Carolina, what is 'force majeure' in a real estate contract?
AA clause requiring the stronger party to honor all contract obligations
BA clause excusing contractual performance when extraordinary events beyond the parties' control make performance impossible or impracticable✓ Correct
CA French term for the sale price in commercial contracts
DA requirement that both parties use force in negotiations
Explanation
Force majeure excuses a party from performing their contractual obligations when extraordinary events beyond their control (natural disasters, pandemics, government actions) make performance impossible. The clause defines what events qualify and how performance obligations are affected.
Related South Carolina Contracts Questions
- A South Carolina purchase contract that is 'bilateral' means:
- In South Carolina, a 'home sale contingency' in a purchase contract means:
- A South Carolina buyer's offer contains a 'contingency removal deadline.' This is important because:
- In South Carolina, 'novation' in a real estate transaction occurs when:
- In South Carolina, an offer to purchase real estate becomes a binding contract when:
- A South Carolina purchase contract that includes the phrase 'subject to satisfactory inspection' means:
- In South Carolina, what is 'rescission' of a real estate contract?
- A South Carolina real estate agent cannot fill in which of the following in a purchase contract without potentially engaging in the unauthorized practice of law?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →