When can a buyer waive a condition in an Agreement of Purchase and Sale?
Correct Answer
C) At any time before the condition deadline, unilaterally
A condition included for the buyer's sole benefit, such as a financing or inspection condition, can be waived by the buyer alone, by written notice to the seller, at any time before the condition deadline. No consent from the seller or approval from the agents is needed. Waiving removes the condition and makes the agreement firm on that point, which generally benefits the seller.
Why This Is the Correct Answer
This answer is correct because a condition inserted for the buyer's sole benefit can be waived by the buyer alone, by written notice to the seller, at any time before the condition deadline. The waiver needs no seller consent, no agent approval and no prior attempt to satisfy the condition. It removes the protection and makes the agreement firm on that point.
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