Contracts
A Georgia buyer who is three days past the contract's inspection contingency deadline requests an extension. The seller:
AMust grant the extension
BMay or may not agree to extend — the extension requires mutual written agreement✓ Correct
CMust grant a 5-day automatic extension
DMust immediately declare the contract void
Explanation
Contractual deadlines are binding unless both parties mutually agree in writing to modify them. The seller may grant or deny the extension request at their discretion.
Related Georgia Contracts Questions
- Under Georgia law, a contract that was entered into under duress is considered:
- The Georgia law requiring real estate contracts to be in writing is based on which principle?
- Under the GAR contract's 'New Loan' contingency, if the buyer cannot obtain financing at specified terms, they may:
- Consideration in a real estate contract does NOT have to be:
- A contract that is 'integrated' means:
- A 'graduated rent' lease provides for:
- A Georgia buyer includes a due diligence period in their offer. During the due diligence period, the buyer may:
- A Georgia real estate licensee who receives multiple offers on a listed property should:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →