Author Question: Joan offered to buy John's house for 250,000. John responded, I accept, for 250,000 and you pay all ... (Read 42 times)

daltonest1984 · **on:** Jun 24, 2018

Joan offered to buy John's house for 250,000. John responded, I accept, for 250,000 and you pay all closing costs.
A)Joan and John have a contract for sale at 250,000
B)Joan and John have a contract for sale at 250,000 with Joan paying closing costs
C)Joan and John do not have a contract
D)None of the above

Question 2

The act of transferring ownership of commercial paper to another party, is called _____.
A) drafting
B) guaranty
C) negotiation
D) endorsement