Contracts
In an Arkansas purchase agreement, a contingency clause allows a buyer to:
APurchase the property without a final walkthrough
BBack out of the contract without penalty if certain conditions are not met✓ Correct
CIncrease the purchase price after signing
DWaive the right to title insurance
Explanation
A contingency clause allows a buyer to exit the contract without penalty if specified conditions (such as loan approval, satisfactory inspection, or appraisal) are not met within the agreed timeframe.
Related Arkansas Contracts Questions
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