Week 8 Case Problems
The following is a list of contract provisions. Do these provisions favor the seller or the purchaser?
- Seller is to convey insurable title to the real property at closing.
- Seller is to convey title to the real property subject to utility easements and other restrictions of record.
- Seller shall not alter or encumber the title to the real property after the date of the contract without the prior written consent of purchaser.
- The real estate contract is freely assignable.
- The contract is silent as to risk of loss between date of contract and date of closing.
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Week 8 Case Problems