Contracts
An Iowa buyer requests the seller to complete certain repairs before closing. The seller agrees and repairs are listed in a contract addendum. These repairs become:
AOptional for the seller to complete
BContractual obligations that must be completed or the buyer may terminate✓ Correct
CSubject to re-negotiation at closing
DCompleted at the buyer's expense if the seller fails
Explanation
Once a repair agreement is incorporated into a contract addendum, the repairs become contractual obligations. If the seller fails to complete them, the buyer may have grounds to terminate or seek other remedies.
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