Contracts
Under Iowa law, a purchase agreement contingent on inspection allows the buyer to:
ACancel for any reason within the inspection period
BInspect the property and negotiate repairs or cancel based on inspection findings✓ Correct
CDemand the seller make all repairs before closing
DCancel only if the property fails a government inspection
Explanation
An inspection contingency typically allows the buyer to inspect the property and then accept, negotiate repairs/credits, or cancel the contract based on the inspection findings within the specified period.
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