Jerry, the purchaser, and Tom, the seller, enter into a contract for the sale of a time share unit. Which ONE of the following statements is CORRECT regarding their contract?

Question

Answer

The contract between Jerry and Tom must contain particulars of the property, such as its ownership and any mortgages or bonds over it.

Answer

Jerry and Tom may agree that Tom will not be liable if Jerry is evicted from the unit.

Answer

The contract between Jerry and Tom may be concluded either in writing or orally.

Answer

Jerry may bind himself in advance to agree if Tom later wishes to transfer her obligations to someone else.

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Jerry, the purchaser, and Tom, the seller, enter into a contract for the sale of...

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