ContractsContract_case_studiesMEDIUM
A backup contract in Texas becomes the primary contract when:
Correct Answer
B) The first contract terminates and seller notifies backup buyer
A backup contract becomes primary when the first contract terminates and the seller provides notice.
Answer Options
A
The seller accepts itB
The first contract terminates and seller notifies backup buyerC
Automatically after 30 daysD
The buyer removes all contingenciesVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-formationcontract-terminationcontract-contingenciesseller-disclosure-requirements
Key Terms:
backup contractTREC addendumseller notificationcontract activationprimary contract
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