Contracts
A purchase agreement in Alabama that is contingent on the sale of the buyer's current home is an example of a:
ANet listing
BContingency clause✓ Correct
CRight of first refusal
DOption contract
Explanation
A contingency clause makes the contract conditional on a specific event occurring — such as the sale of the buyer's existing home. If the contingency is not satisfied, the buyer may cancel without penalty.
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