Contracts
An Idaho buyer includes a financing contingency in their offer. If the buyer cannot obtain financing, they may:
AProceed with the purchase regardless
BTerminate the contract and typically recover their earnest money✓ Correct
CSue the seller for specific performance
DExtend the contract indefinitely
Explanation
A financing contingency protects the buyer. If they cannot obtain the specified financing, the buyer may terminate the contract and generally recover their earnest money deposit.
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