Contracts
A 'subject to' clause in a purchase contract most commonly refers to the transaction being conditional upon:
AThe property having a clean title
BThe buyer obtaining satisfactory financing✓ Correct
CThe seller repairing specific defects
DThe agent maintaining the listing
Explanation
A 'subject to financing' clause (financing contingency) makes the transaction conditional upon the buyer obtaining satisfactory financing within a specified timeframe.
Related Alabama Contracts Questions
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