ContractsPromulgated_contract_formsEASY
In a Texas real estate contract, time is of the essence means:
Correct Answer
B) Deadlines must be strictly adhered to
Time is of the essence means all deadlines in the contract must be strictly met.
Answer Options
A
Deadlines are suggestionsB
Deadlines must be strictly adhered toC
The closing date is flexibleD
Extensions are automaticVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-breach-remediesearnest-money-forfeiturecontract-extensions
Key Terms:
time is of the essencecontract deadlinesstrict performancebreach of contractTREC residential contract
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