A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the area. In this case, A. the buyer and seller must amend the contract before closing. B. the contract is voidable, since the seller must pay the expense. C. the buyer may pay or not pay the expense, at his or her option. D. the buyer must pay the expense.

Question

Monique Hodges

Business

9 March, 19:38

A sale contract stipulates that a buyer is to pay the seller's title insurance expenses. This practice is not customary in the area. In this case, A. the buyer and seller must amend the contract before closing. B. the contract is voidable, since the seller must pay the expense. C. the buyer may pay or not pay the expense, at his or her option. D. the buyer must pay the expense.

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Dominique Ritter · Answer 1

D. the buyer must pay the expense.

Explanation:

Whenever a contract is prepared for a sale of any real estate transaction then both the parties are binding towards the contract. As that is signed by both of them which creates a legal right to get the action done from each other.

Here, in the contract it is clearly mentioned that the buyer is responsible for the title insurance expense.

This clearly provides the right to the seller to validate such right and ask the buyer to pay for the expenses of the insurance.

Thus, the buyer in the given instance must pay the expense of the insurance.