Peggy and Jeff enter into a real estate sales contract on February 2 for the purchase and sale ofJeff's real estate. The date set for closing in the contract is March '15. What is the time between when the contract is signed and the closing date called? O executory period O executed period O executive document period 0 executive period QUESTION 26 Matt and Rob enter into a real estate sales contract whereby Matt is to purchase Rob's property. Closing falls on a Friday, and while the paperwork is completed, the funding does not take place. The bank informs the parties that the funding will not take place until Monday. Seeing that there are only a couple of days until the funding takes place, Rob allows Matt to move in over the weekend. No written lease agreement is completed between the parties. On Monday, the parties are informed that the bank will not fund the transaction because Matt no longer qualifies for the loan. Rob asks Matt to leave and Matt refuses. The type of tenancy created between the parties is referred to as a(n): O tenancy in common O tenancy at sufferance O joint tenancy O tenancy at law QUESTION 27 John and Barbara, a married couple, conveyed their property located in the Green Subdivision by warranty deed to their oldest son, Billy, for life with a remainder to their second son, Sam. What type of interest did Sam obtain in the property assuming there are no limitations on the remainder? O Vested remainder subject to open O Indefeasibly vested remainder O Vested remainder subject to total divestment O Contingent remainder