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Chapter 6 - The Sales Contract (Law of Contracts)

Across
__ performance forces the defaulting party to fulfill the obligations of the contract.
__ fee is an amount paid by the buyer for the unrestricted right to terminate the contract within a specified number of days.
In order for the contract to be valid and enforceable, it must be __ by all parties to the contract.
__ of the property refers to when the buyer will take both legal and physical possession of the property.
Down
The Texas Statute of __ requires that certain contracts must be in writing and signed by the principal parties in order to be enforceable.
If either party receives the earnest money as __ damages, the contract is terminated and all parties are released from the contract.
The buyer has how many days to deliver the earnest money and option fee to the escrow agent?
__ money is a deposit by the buyer as evidence of good faith.
A __ of contract is a failure, without legal excuse, to perform any promise that forms all or part of the contract.