Contracts
In Maine, a purchase and sale agreement for vacant land should include which important provision?
AA guarantee that the land has no wetlands
BContingencies for percolation/septic suitability testing and survey confirmation of boundaries✓ Correct
CA warranty that the land is zoned for the buyer's intended use
DAutomatic assignment of timber rights to the buyer
Explanation
When purchasing vacant land in Maine, buyers should include contingencies for percolation testing (to confirm septic suitability), survey confirmation of boundaries, and verification of zoning and permitted uses — these are unique due diligence items for raw land.
Related Maine Contracts Questions
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