Contracts
Under Wisconsin law, a seller who refuses to close after signing a purchase contract may be sued for:
ASpecific performance, requiring them to complete the sale✓ Correct
BOnly a refund of the buyer's costs
CNothing if they return the earnest money
DLicense revocation only
Explanation
A seller who wrongfully refuses to close may be sued for specific performance (a court order compelling them to complete the sale) because real estate is considered unique.
Related Wisconsin Contracts Questions
- Wisconsin's WB-24 Amendment to a Offer to Purchase is used when:
- Which of the following is NOT a required element for a valid Wisconsin real estate contract?
- A Wisconsin real estate purchase contract is assignable unless:
- The Wisconsin Real Property Lister's (RPL) license is required for:
- Under Wisconsin law, a signed purchase agreement binds both the buyer and seller. If the seller wants to accept a competing higher offer before closing, the seller must first:
- A Wisconsin purchase contract is voidable (not void) when:
- Wisconsin Statute requires that all real estate contracts affecting title to real property be:
- In Wisconsin, a purchase contract that lacks a legal description of the property is:
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