ContractsEASY
In Indiana, a purchase agreement contingency:
Correct Answer
B) Allows the buyer to cancel if conditions are not met
Contingencies allow buyers to cancel the contract if specified conditions (financing, inspection, etc.) are not met.
Answer Options
A
Is not allowedB
Allows the buyer to cancel if conditions are not metC
Only benefits the sellerD
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Related Topics & Key Terms
Related Topics:
purchase-agreement-essentialsearnest-money-protectioncontract-termination-rights
Key Terms:
contingency clausecondition precedentfinancing contingencyinspection contingencyearnest money
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