ContractsContract_case_studiesEASY
The Third Party Financing Addendum in Texas protects the buyer if:
Correct Answer
B) The buyer cannot obtain financing approval
This addendum allows the buyer to terminate if they cannot obtain financing approval within the specified time.
Answer Options
A
The appraisal is lowB
The buyer cannot obtain financing approvalC
The inspection reveals defectsD
The seller cannot provide clear titleVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
texas-contract-contingenciesearnest-money-protectionfinancing-approval-process
Key Terms:
Third Party Financing Addendumfinancing contingencymortgage approvalearnest moneyTREC promulgated forms
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