Contracts
A Kentucky purchase contract states the closing date as 'on or before June 30.' This language means:
AClosing must happen exactly on June 30
BClosing can occur any time before June 30, and must close by June 30✓ Correct
CEither party can delay closing indefinitely as long as it is before June 30
DThe seller can choose any closing date before June 30 without buyer agreement
Explanation
'On or before' language means the parties can close at any mutually agreeable date up to and including June 30. The final date by which both parties must perform is June 30. Neither party can unilaterally set the exact closing date — it must be agreed upon by both parties.
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