Contracts
A merger clause in a West Virginia real estate contract provides that:
ATwo parcels are merged into a single deed
BAll prior negotiations and agreements are merged into the written contract, which represents the final and complete agreement✓ Correct
CThe buyer and seller merge their interests upon closing
DClosing occurs simultaneously with the signing of the contract
Explanation
A merger clause (integration clause) states that the written contract supersedes all prior negotiations, representations, and agreements. It reinforces the parol evidence rule by declaring the written contract to be the complete and final agreement.
People Also Study
Related West Virginia Questions
- The integration clause (entire agreement clause) in a West Virginia real estate contract states that:Contracts
- In West Virginia, a written buyer representation agreement that includes an exclusivity clause means:Agency
- The parol evidence rule in West Virginia contract law provides that:Contracts
- A West Virginia contract clause that states 'this agreement is contingent upon the buyer's inspection and approval within 10 days' is an example of a:Contracts
- In West Virginia, the mailbox rule provides that acceptance of a contract offer is effective when:Contracts
- A property management agreement in West Virginia is a contract between the:Property Management
- When a West Virginia licensee represents a buyer under a written buyer's agency agreement, the buyer is considered the licensee's:Agency
- A West Virginia property management agreement is a contract between the:Property Management
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Study This Topic
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →