Contracts
What is the purpose of a title contingency in a Kansas purchase agreement?
ATo allow the buyer to back out if they change their mind
BTo make the sale contingent on the buyer receiving clear, marketable title✓ Correct
CTo protect the seller if the buyer's financing falls through
DTo require the seller to pay all closing costs
Explanation
A title contingency makes the sale conditional on the buyer receiving clear, marketable title free of unacceptable liens or encumbrances.
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