Under common law, a contract for the sale of real property does not require a fixed closing date in writing; performance within a reasonable time is implied. Which statement is true?

Under common law, a contract for the sale of real property does not require a fixed closing date in writing; performance within a reasonable time is implied. Which statement is true?

• A. The closing date must be fixed in writing.
• B. The contract is void if time for performance is not specified.
• C. A reasonable time for performance is implied.
• D. The closing date must be within 90 days.

Answer: (C)