Contracts
A 'contingency' in a Connecticut real estate contract allows:
AEither party to cancel for any reason at any time
BA party to exit the contract if a specified condition is not met✓ Correct
CThe seller to raise the price after acceptance
DThe buyer to occupy the property before closing
Explanation
A contingency is a condition that must be satisfied for the contract to proceed. Common contingencies include financing, inspection, and appraisal. If the condition is not met, the affected party may void the contract.
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