Contract Roulette Interactive 1

Legal Update I (26-27) Chapter 2 – Contract Form Basics Contract Roulette Interactive 1

Buyer wants to submit a cash offer on a five-acre ranchette in a new development. The buyer is an equestrian and is excited that the property owners' association welcomes horses. The seller is a builder who just finished constructing a single-family home and installed several corrals that will convey with the sale of the property. The buyer intends to use funds from the sale of their current residence and a loan from their parents to fund the purchase of the property.

These are some of the contract options form the textbook.

  • One to Four Family Residential Contract
    (Resale)
  • Farm and Ranch Contract
  • New Home Contract (Complete
    Construction

Which Contract options would you choose in the given scenario?

Please answer as a comment below before Marking Complete

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