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Most purchase agreements are contingent on which two items?
Appraised value
Property description
Clear title
Title insurance
Assets are the business’s capital which can be used to generate profits. The value of the assets that are recorded in a company’s accounts is recorded at a historic cost in order to adhere to the accounting principle of conservatism.♦ Relevant knowledgeAssets
Answer: Clear title and Appraised Value.
Explanation: A contingency is an event that is possible, but not certain. The home appraisal contingency allows you to renegotiate your purchase price. The property must be in clear title before the purchase can take place.