New Year Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

An agreement of purchase and sale for an industrial building is accepted conditional on financing...

An agreement of purchase and sale for an industrial building is accepted conditional on financing with the expiry date of May 14. On May 11, the bank informs the buyer the mortgage cannot be approved until May 17. The salesperson for the buyer then prepares an amendment to the agreement of purchase and sale for the extension of the condition. Which of the following is NOT correct?

A.

The buyer can use the same amendment to ask for a change of the closing date.

B.

The buyer can still waive the condition before the expiry date if the seller refuses to sign the amendment, provided there is a waiver provision in the condition.

C.

The salesperson should prepare the amendment with midnight, May 17 as the irrevocable time.

D.

To play it safe, the salesperson should amend the condition with May 18 as the expiry date.

Humber College PREX-1060A Summary

  • Vendor: Humber College
  • Product: PREX-1060A
  • Update on: Jan 2, 2026
  • Questions: 120
Price: $52.5  $149.99
Buy Now PREX-1060A PDF + Testing Engine Pack

Payments We Accept

Your purchase with ExamsVCE is safe and fast. Your products will be available for immediate download after your payment has been received.
The ExamsVCE website is protected by 256-bit SSL from McAfee, the leader in online security.

examsvce payment method