Contracts
In South Dakota, a purchase agreement that is 'subject to' the buyer selling their current home differs from one that is 'contingent on' the sale in that 'subject to' typically:
AIs stronger protection for the buyer
BIs a condition precedent with no timeline, while 'contingent on' often has a specified time period
CMeans the buyer can sell their home after the target property closes
DHas no legal distinction from a contingency in SD law✓ Correct
Explanation
In South Dakota practice, 'subject to' and 'contingent on' are often used interchangeably for home sale conditions. Legally, either creates a condition on the buyer's obligation. The specific terms of the contract provision determine its meaning.
Related South Dakota Contracts Questions
- In South Dakota, a 'merger clause' (also called an 'integration clause') in a real estate contract means:
- A counteroffer in South Dakota real estate has which legal effect?
- In South Dakota, which of the following would make a real estate contract voidable rather than void?
- A South Dakota listing agreement that gives the broker the right to collect a commission even if the seller finds the buyer themselves is a(n):
- In South Dakota, a bilateral contract is one in which:
- In South Dakota, a real estate listing agreement is a contract between the seller and the:
- In South Dakota, which party typically holds the earnest money during the transaction?
- A seller accepts a buyer's offer but changes the closing date. This creates:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →