Contracts
Under West Virginia contract law, 'consideration' in a real estate purchase agreement is most commonly provided by:
AThe buyer's promise to purchase and the seller's promise to sell (mutual promises)✓ Correct
BThe earnest money deposit only
CThe purchase price paid at closing
DThe agent's commission
Explanation
Consideration in a real estate contract is provided by the mutual promises of buyer and seller — the buyer promises to pay and the seller promises to convey. The earnest money demonstrates the buyer's commitment but is not technically the consideration itself.
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