Contracts
Under Vermont contract law, mutual assent means:
AThe broker agrees to the commission
BBoth parties agree to the same terms — a meeting of the minds✓ Correct
CThe lender approves the transaction
DThe closing attorney certifies the contract
Explanation
Mutual assent — offer and acceptance creating a meeting of the minds — is a fundamental requirement for a valid contract. Both parties must agree to the same material terms.
Related Vermont Contracts Questions
- A Vermont 'walkthrough' or final inspection before closing allows the buyer to:
- A Vermont 'as-is where-is' commercial sale typically means:
- A counteroffer in Vermont real estate negotiations:
- A Vermont purchase contract with a 'kick-out clause' allows the seller to:
- Vermont's 'due diligence' period in a real estate contract typically allows the buyer to:
- Vermont's attorney closing requirement means that:
- In Vermont, an 'as-is' clause in a purchase contract means:
- An earnest money deposit in Vermont is typically how much?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →