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On a purchase contract (Contract to Buy and Sell Real Estate), which are considered to be parties to the transaction?

User Kayan
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Answer:

Only the buyer and the seller

Step-by-step explanation:

A purchase contract is an legal agreement between two parties who are the and the buyer. The intention of the seller is to sell to the buyer an item which is a piece of his personal property at a particular price or consideration.

The buyer and seller usually enter into an agreement which stipulates the terms and conditions of the contract which are binding on both parties to keep to their promises stated in the contact agreement.

Typically, purchase agreement will identify the seller, buyer, the property being offered for sale and its detailed description, the price which the property is being sold to the seller by the buyer, and terms of payment of the price.

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User Sam Dutton
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