Humber/Ontario Real Estate Course 2 Exam Practice

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What legal position does Buyer Ricci gain by tendering the seller who refuses to close the sale?

  1. Buyer Ricci has the right to tender, but this right would not extend to the seller if Ricci refused to close

  2. Buyer Ricci can pursue the seller for damages, but not specific performance

  3. Buyer Ricci can renegotiate the terms of the sale

  4. Buyer Ricci can terminate the contract without repercussions

  5. This action puts Buyer Ricci in a legal position to seek remedies for breach of contract

  6. Tendering refers to bringing a lawsuit against the seller for not closing the sale

The correct answer is: Buyer Ricci has the right to tender, but this right would not extend to the seller if Ricci refused to close

In this scenario, the correct answer is A. Buyer Ricci has the right to tender, but this right would not extend to the seller if Ricci refused to close. When a buyer tenders the seller, it means the buyer offers to fulfill their obligations under the agreement. In this case, if the seller refuses to close the sale after Buyer Ricci tenders, Buyer Ricci has the legal right to pursue remedies for breach of contract. However, this right does not extend to the seller if Buyer Ricci were the one to refuse to close the sale. Therefore, option A is the most appropriate choice as it accurately describes the legal position Buyer Ricci gains by tendering the seller who refuses to close the sale.

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