ContractsAttorney_review_in_standard_residential_contract_practiceHARD
During a brokerage meeting in Decatur, Devon Bennett asks what an attorney may do during the standard review period under Illinois residential contract practice. What is the best answer under current Illinois law or practice?
Correct Answer
B) During review, an attorney may approve the contract, propose modifications, or disapprove/cancel it as allowed by the clause language.
The ordinary attorney-review clause allows approval, proposed modification, or disapproval/cancellation within the review window.
Answer Options
A
During review, an attorney may rewrite title law for the parties without their consent.B
During review, an attorney may approve the contract, propose modifications, or disapprove/cancel it as allowed by the clause language.C
During review, an attorney may ignore the clause and wait until after closing to object.D
During review, an attorney may bind the lender to new financing terms without lender approval.Why This Is the Correct Answer
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Why the Other Options Are Wrong
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