Contracts
An Alabama purchase contract that includes a 'due diligence period' allows the buyer to:
AExtend the closing date indefinitely
BInvestigate the property thoroughly and cancel the contract for any reason within the specified period✓ Correct
CRenegotiate the purchase price at any time
DAssign the contract to another buyer
Explanation
A due diligence period is a buyer's right to investigate (inspect, survey, review documents, etc.) and, if unsatisfied for any reason, cancel the contract and receive their earnest money back.
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