James and his wife Linda are purchasing a home in Bellevue using community funds accumulated during their marriage. The Purchase and Sale Agreement has been signed. When the deed is prepared at closing, which of the following is required under Washington community property law?
Correct Answer
D) Both James and Linda must sign the deed to convey community real property
Washington is a community property state. Under RCW 26.16.030, both spouses must sign any deed conveying community real property. Property acquired during marriage with community funds is presumed to be community property, and neither spouse can unilaterally convey or encumber it. Both James and Linda must execute the deed at closing for the conveyance to be valid.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A breach of contract occurs when one party fails to perform their obligations under the contract without a legal excuse. The non-breaching party is entitled to legal remedies including damages, specific performance, or contract rescission.
Consideration is something of value exchanged between parties to a contract, making the agreement legally binding. It can be money, a promise to act, a promise to refrain from acting, or anything else of value.
Contingencies are conditions written into a real estate contract that must be met before the transaction can close. If a contingency is not satisfied, the buyer can typically cancel the contract without penalty.
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