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In a transaction that involves the purchase of a business, what document functions in the same way as the deed in a personal real estate transaction?

Sagot :

The document that functions as the same in a personal real estate transaction is the Contract for Sale.

What is Real Estate?

Real estate refers to the property which specifically includes the land property or it can be said the property attached to the land. The property can be natural or the man made. It is also termed as the real property.

Contract for sale refers of the agreement between the buyer and the seller in which the sale of the goods and services takes places. It includes several important aspects such as price consideration, interest ,guarantee etc.

The document that functions as the same in a personal real estate transaction which involves the purchase of the transactions  is the Contract for Sale.

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