Contracts
A Connecticut purchase and sale agreement includes an inspection contingency. The buyer has the home inspected and the inspector finds a cracked foundation. The buyer may:
AOnly request the seller repaint the basement walls
BRequest repairs, a price reduction, or withdraw from the contract per the contingency terms✓ Correct
CImmediately sue the seller for fraud
DDemand the seller replace the entire foundation at no cost
Explanation
An inspection contingency gives the buyer the right to review the inspection results and negotiate repairs or credits, or to withdraw from the contract and recover their deposit if issues are unacceptable.
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