QuestionApril 25, 2025

Module Quiz An arm's-length transaction is one that occurred: A. between a buyer and a seller who have a close family relationship B. only after the seller made concessions for closing costs C. under typical conditions where each of the parties were acting in their own best interests D. when the buyer purchased the property sight unseen

Module Quiz An arm's-length transaction is one that occurred: A. between a buyer and a seller who have a close family relationship B. only after the seller made concessions for closing costs C. under typical conditions where each of the parties were acting in their own best interests D. when the buyer purchased the property sight unseen
Module Quiz
An arm's-length transaction is one that occurred:
A. between a buyer and a seller who have a close family relationship
B. only after the seller made concessions for closing costs
C. under typical conditions where each of the parties were acting in their own best interests
D. when the buyer purchased the property sight unseen

Solution
4.2(333 votes)

Answer

C. under typical conditions where each of the parties were acting in their own best interests Explanation An arm's-length transaction refers to a deal made by two parties who are acting independently and in their own self-interest, without any relationship that could influence the terms of the agreement. This ensures that both parties negotiate fairly and transparently, reflecting true market value.

Explanation

An arm's-length transaction refers to a deal made by two parties who are acting independently and in their own self-interest, without any relationship that could influence the terms of the agreement. This ensures that both parties negotiate fairly and transparently, reflecting true market value.<br /><br />
Click to rate:

Similar Questions