Contracts
A contingency in a Louisiana purchase agreement that protects the buyer if the property does not appraise at the purchase price is called a/an:
AInspection contingency
BFinancing contingency
CAppraisal contingency✓ Correct
DTitle contingency
Explanation
An appraisal contingency allows the buyer to renegotiate or withdraw from the contract if the property's appraised value is less than the purchase price.
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