William, a prospective purchaser, makes an offer to Maria concerning the purchase of her real estate.

QUESTION 54 William, a prospective purchaser, makes an offer to Maria concerning the purchase of her real estate. Before Maria has a chance to accept the offer, the house is struck by lightning and burns to the ground. The destruction of the house: O terminates the contract O terminates the offer O terminates the acceptance 0 does not terminate the offer QUESTION 55 Miranda and Jon are high school sweethearts who decide to live together after high school. They never get formally married with a marriage license, but they insist they are common law married. When the parties go to purchase real estate, which of the following would be required? O both parties’ signatures on the documents O both parties’ signatures only if they can show a formal marriage license 0 either the husband’s or the wife’s signature depending on who is available O both parties’ signatures only if they can show a valid common law marriage for the past six months QUESTION 56 Daisy, a buyer, enters into a real estate sales contract with Terry, a seller, for the purchase of Terry’s property. Terry insists that a provision be inserted in the real estate sales contract in paragraph 11 that restricts the future sale of the property to persons of a specified color as required by his deed. Daisy agrees. This provision is: O voidable at the option of the grantor O only enforceable for a 4-year period O void as against public policy O voidable at the option of the broker