Which of the following statements is FALSE? A) The promise

Last updated: 7/9/2022

Which of the following statements is FALSE? A) The promise of the purchaser to buy and the promise of the seller to deliver title are adequate consideration to create a legally binding executory contract. B) Earnest money is necessary to bind the contract. C) Earnest money is not consideration. D) Earnest money is applied to the sales price at closing.