Contracts
In Virginia, a 'merger doctrine' in real estate law means:
ATwo companies merge their real estate holdings
BThe terms of a sales contract merge into (are replaced by) the deed at closing, and the buyer's remedies after closing are limited to the deed's warranties✓ Correct
CMultiple offers are merged into one accepted offer
DA buyer and seller merge their negotiating positions
Explanation
The merger doctrine holds that upon delivery of the deed, the terms of the sales contract merge into the deed. Post-closing claims are generally limited to deed warranties unless there is fraud or specific survival language in the contract.
Related Virginia Contracts Questions
- A Virginia real estate broker who is the 'procuring cause' of a sale is entitled to a commission because:
- In Virginia, a counteroffer by the seller has what effect on the original offer?
- A Virginia contract includes a 'kick-out clause' (right of first refusal with a kick-out provision). This means:
- A Virginia purchase contract has a settlement date of June 30. On June 28, the seller discovers the roof needs major repair. The seller must:
- In Virginia, an oral modification of a written real estate contract is generally:
- In Virginia, a real estate sales contract becomes binding when:
- In Virginia, an option contract in real estate gives the optionee (buyer) the right to:
- In Virginia, a ratified contract refers to a contract that:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →