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QUESTION 39 Amy and Carol enter into a real estate sales contract for the purchase and sale ofAmy's property. Subsequently, Carol terminates the contract without
QUESTION 39 Amy and Carol enter into a real estate sales contract for the purchase and sale ofAmy's property. Subsequently, Carol terminates the contract without a valid legal excuse. The termination of an obligation under a contract without a valid legal excuse is referred to as: O conditional termination O discharge O breach O rejection QUESTION 40 Ted and Andy enter into a real estate sales contract for the purchase of Ted's house. Andy would like to purchase Ted's furniture as part of the sale. Andy will finance the real estate purchase with seller financing. The written instrument that may be used by the parties to the real estate contract to transfer title to the furniture from Ted to Andy in the transaction is referred to as am): 0 Addendum for Second or Backup Contract O Listing Agreement 0 Nonrealty Items Addendum O Bill of Sale QUESTION 41 Jon Smith and Frank Brown sold their business to Angela Jones. As part of that sale, they conveyed the property by deed to her as follows: "Morning Muffins, a partnership composed ofJon Smith and Frank Brown, conveys Lot 4 to Angelajones.\" What type of legal entity is the grantor in this deed? O Sole proprietorship O general partnership O limited liability company O corporation
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