Contracts
A Maine seller accepts an offer contingent on the buyer selling their current home. If the current home does not sell, the purchase contract is:
AAutomatically voided with no consequences
BTerminable by the buyer under the contingency terms✓ Correct
CEnforceable against the buyer regardless
DConverted to a lease agreement
Explanation
A home sale contingency allows the buyer to terminate the contract if they cannot sell their current home within the specified timeframe. The buyer may invoke the contingency to terminate without penalty.
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