Contracts
A West Virginia real estate purchase agreement must include a 'legal description' of the property to be enforceable because:
AAll written documents must include a legal description under WV law
BThe property must be adequately identified so the parties know exactly what is being sold✓ Correct
CLenders require a legal description before underwriting any loan
DThe WVREC requires legal descriptions in all contracts
Explanation
To be enforceable, a real estate contract must adequately describe the subject property. Without a sufficient property description, the contract may be void for lack of a definite subject matter.
Related West Virginia Contracts Questions
- In West Virginia, a contract for the sale of real estate must be in writing to be enforceable under:
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- Under West Virginia law, liquidated damages in a purchase contract are:
- A valid real estate contract in West Virginia requires all of the following EXCEPT:
- Under West Virginia law, an agreement to pay a real estate commission must be in writing to be enforceable because:
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- The 'meeting of the minds' (mutual assent) required for a valid West Virginia real estate contract is evidenced by:
- 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:
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