Contracts
Which clause in a purchase agreement requires the buyer to notify the seller of any issues discovered during inspection, or lose the right to object?
AAs-is clause
BTime is of the essence clause
CNotice and right to cure provision within the inspection contingency✓ Correct
DLiquidated damages clause
Explanation
The inspection contingency in California's standard purchase agreement typically requires the buyer to investigate and notify the seller of objections by a specified date. If the buyer fails to do so or remove the contingency, their right to object may be waived.
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