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FIN 370 Q&A Assignment 2 with Complete Solutions

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In addition to the standard requirements for a contract to be valid, the statute of frauds requires contracts involving real estate - to be in writing The _____ is a "gap filler" , which binds the agreement for a real estate purchase from the time the agreement is reached until the time of the closing. - sales contract The most frequently encountered contingency associated with the typical residential sales contract is the - securing of mortgage financing which of the following terms represents an exchange of promises between two of more persons, conditioned on certain events? - contract all of the following are required elements of any valid contract involving real estate EXCEPT - Reasonable consideration

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