ContractsContract_essentialsEASY
In Wisconsin, the standard residential purchase agreement is called:
Correct Answer
B) Offer to Purchase
Wisconsin uses the term 'Offer to Purchase' (WB-11 for residential) rather than 'purchase agreement' or 'contract.' The Wisconsin WB forms are developed by the state.
Answer Options
A
Purchase and Sale AgreementB
Offer to PurchaseC
Sales ContractD
Purchase OrderWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Background Knowledge for Contracts
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Related Topics & Key Terms
Related Topics:
WB-formsWisconsin-REALTORS-AssociationREEBcontract-formationstandardized-forms
Key Terms:
Offer to PurchaseWB-11Wisconsin WB formsREEBstandardized formsresidential contract
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