CONTRACT OF SALE ASSIGNMENT Worth: 10 points toward final grade. DRAFT A

CONTRACT OF SALE ASSIGNMENT

Worth: 10 points toward final grade.

DRAFT A CONTRACT OF SALE FOR THE FOLLOWING TRANSACTION:

Drafting means fill in blank spaces in accordance with class notes.

You cannot strike out on the form so there is no need to strike out par. (In a live class, you would be able to hand in a hard, paper contract with proper par stricken out.)

Sellers are C and D.

Seller’s D maiden name was “Jones”

Purchasers are A and B.

Make up your own names for the S and , and S attorney. Also, address, SS#, tel and fax numbers.

Freezer in Basement is Excluded from the Sale.

Purchase Price: 1,000,000. Downpayment 10%. Mortgage 750,000

No Assumption of Seller Mortgage

No Purchase Money Mortgage

Seller will deliver Bargain and Sale Deed With Covenants Against Grantor’s Acts.

Mortgage Contingency: 60 days, 30 years term, amount, 750,000

Closing date: July 15, 2020, at Seller’s attorney office.

Broker: XYZ REALTY LLC.

Sellers will acceptance $750 in uncertified funds.

Attach Schedule A (provided) on Brightspace Welcome Page.

USE CONTRACT FORM PROVIDED.

ALL WORK MUST BE TYPED: NO HANDWRITTEN WORK WILL BE ACCEPTED.

OF COURSE, EMAIL QUESTIONS

ASSIGNMENT MUST BE SUBMITTED ON Brightspace

NO CREDIT: NO ASSIGNMENT WILL BE ACCEPTED FOR CREDIT WITHOUT AN EMAIL FROM IN THE LEARNING CENTER STATING THAT THE STUDENT HAS SOUGHT HELP WITH THIS ASSIGNMENT ON AT LEAST ONE OCCASION. SAID EMAIL CAN BE SUBMITTED WITH THE ASSIGNMENT ON BRIGHTSPACE OR SENT TO ME.

Due date: See Announcement on Brightspace.

No extensions!

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