Author Question: An example of a condition precedent in a real property purchase contract is: A)The statute of ... (Read 34 times)

tth · **on:** Jun 24, 2018

An example of a condition precedent in a real property purchase contract is:
A)The statute of limitations.
B)A buyer's financing clause.
C)The earnest money requirement.
D)The type of deed.

Question 2

How does negotiation differ from assignment?
A) It consists of the right to receive payments.
B) It is the only mechanism by which a negotiable instrument may be transferred.
C) A party receiving an instrument by negotiation may obtain rights superior to those of the original holder.
D) A party receiving an instrument by negotiation receives only the rights of the transferor and no more.