Contracts
What is the main purpose of a 'due diligence' contingency in a Louisiana purchase agreement?
ATo allow the buyer to inspect the property and withdraw if unsatisfied✓ Correct
BTo protect the seller from a low appraisal
CTo give the broker extra time to find financing
DTo allow the seller to continue marketing the property
Explanation
A due diligence contingency gives the buyer a defined period to inspect and investigate the property and withdraw from the contract if the results are unsatisfactory.
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