WRA Chapter 10 Questions with verified solutions | Already Passed

Delivery A component of binding acceptance. Unenforceable Contract A contract whereby neither party can sue the other for performance. Equitable Title The right to obtain absolute ownership of a property when legal title is held in another's name. Offer to Purchase A promise made to purchase a seller's property under certain terms. Guaranteed Sale An agreement between a firm and a seller where the firm will purchase the seller's property at a predetermined price if the property does not sell during the listing contract. Business Days Exclude Saturdays, Sundays, any legal public holiday under Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive registered mail or make regular deliveries on that day