Contracts
In an Arizona Residential Resale Real Estate Purchase Contract, the cure period after a notice of default is typically:
A24 hours
B3 days
C5 days✓ Correct
D10 days
Explanation
The standard AAR Residential Resale Purchase Contract provides a 5-day cure period after the non-defaulting party delivers a written notice of default before they can exercise their cancellation rights.
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