Contracts
Which clause in an Arizona purchase contract allows the buyer to cancel and receive a refund of earnest money if they cannot obtain financing?
ALiquidated damages clause
BFinancing contingency clause✓ Correct
CAcceleration clause
DSubordination clause
Explanation
A financing contingency (loan contingency) clause allows the buyer to cancel the contract and receive a refund of their earnest money if they are unable to obtain the specified financing terms.
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