Question
#1Buyer entered a purchase agreement and checked the No Contingency box. Buyer was not able to secure a loan and called Escrow seeking to cancel
#1Buyer entered a purchase agreement and checked the "No Contingency" box. Buyer was not able to secure a loan and called Escrow seeking to cancel the contract and return his earnest money.
- The buyer is in breach of contract and the seller will be entitled to keep the portion of the deposit that will fairly compensate the seller for actual damages incurred in taking the property of the market
- The buyer can cancel the contract under the theory of impossibility of performance and is of the earnest money deposit.
- The buyer is in breach of the contract and the seller can keep the earnest money deposit.
- The buyer can cancel the contract but the seller will be entitled to keep the portion of the deposit that will fairly compensate the seller for actual damages incurred in taking the property.
#2 Who is responsible for compliance with the Americans with Disabilities Act ("ADA") for release commercial properties?
- Landlord
- Tenant and Licensees
- Landlord and Tenant
- Tenant
#3 Which of the following is a required ADA accommodation?
- Installation of elevators
- All of these are required
- Allowing guide dogs
- Restrooms wide enough for a wheelchair
#4 Cheri has a month-to-month tenancy. She pays her rent of $880 on the first day of each month. On January 15. 2019. Cheri received notice from her landlord that her rent would be increasing to $ per month. When is the first time the landlord can demand the $900 rent from Cheri?
The landlord can collect the $900 beginning March 1 2019
(is this true or false?)
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