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SZERZŐDÉSÍRÓ KISOKOS
SZERZŐDÉSÍRÓ KISOKOS | Exercises | Provisions of a sales contract


Choose the most appropriate term from the list below.
Are you familiar with the names of the different provisions of the sales contract? This quiz will help you find out.

START
The seller and the buyer are defined as the _________ to the contract.
participants
parties
players
peers
Once the property to be purchase has been ________, the parties negotiate the conditions.
allocated
opted
taken
chosen
The seller lays downs facts concerning the property in the _________.
statements
representations
declarations
notes
The process of turning over the property to the buyer is referred to as ________.
handover
passing
assignment
delivery
The payment _________ regulates how the purchase price may be paid.
method
way
fashion
proceeding
The right of ________ allows the parties to step back from the transaction.
closing
stepping aside
cancellation
ending
The contract regulates the _________ of the title before closing.
ensuring
assuring
securing
insuring
The _________ of the seller is to sell a piece of property.
purpose
target
goal
objective
The sale transaction is about _________ the title of ownership to the property to the buyer.
assigning
moving
transferring
shifting
The process of paying the purchase price is regulated in the payment _________ section.
timeline
timing
timetable
schedule
The property is delivered to the buyer only after the payment of the purchase price __________ .
in full
absolutely
wholly
totally
When the parties have fulfilled their duties under the sales contract, the transaction is ___________ .
terminated
finished
closed
wrapped up


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