A buyer in Monroe County, PA includes an attorney review contingency in the Agreement of Sale. The buyer's attorney reviews the agreement and recommends changes to the inspection timeframe and seller credit provisions. If the seller refuses the attorney's recommended changes, what happens?
Correct Answer
A) The buyer may terminate the agreement within the attorney review period
Under an attorney review contingency, if the parties cannot agree on the attorney's recommended changes, the buyer retains the right to terminate the agreement within the review period. The contingency protects the buyer's right to have legal counsel review and, if necessary, modify the terms.
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