Chapter 193: Confusing Earnest Money and Deposits_4

"Mr. Lv, please let me finish!" Wang Dengfeng continued, "Whether the house is a bad investment or not has nothing to do with the effectiveness of your subscription agreement, you know that."

"Once you sign, the subscription agreement takes effect, and once the money is handed over, the earnest money contract is established."

This is a minor modification to the civil code compared to the previous guarantee law, which specified that an earnest money contract must be in written form, but now it has become an executed contract.

That is to say, even if an earnest money deposit is agreed upon, as long as you don't hand over the money, the earnest money contract is not considered established.

Moreover, normal developers or merchants will include the earnest money in the contract, otherwise it would be difficult to provide evidence if an issue arises.