ContractsEarnest_money_and_escrowEASY
After the offer is accepted, a title company holds the earnest money and later delivers documents only when the contract conditions are met. What role is the title company playing?
Correct Answer
B) Escrow holder
Escrow holder is correct because the facts match a neutral third party who holds money or documents and follows the parties' escrow instructions. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
InterpleaderB
Escrow holderC
Mutual releaseD
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Related Topics & Key Terms
Key Terms:
earnest_money_and_escrowcontractsescrowneutral_party
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