Contracts (alternative)
A Maryland contract of sale contains a financing contingency with no specific deadline. This is:
AEnforceable as a reasonable time standard applies✓ Correct
BVoid for uncertainty
CValid only if both parties are represented
DAutomatically 30 days under Maryland law
Explanation
When no specific deadline is stated, Maryland courts apply a 'reasonable time' standard to financing contingencies, making the contract enforceable.
Related Maryland Contracts (alternative) Questions
- In Maryland, 'earnest money' serves primarily as:
- In Maryland, a 'buyer's remorse' situation — where the buyer simply changes their mind after signing — generally means the buyer:
- In Maryland, the 'Doctrine of Impossibility' may excuse a party's contractual performance when:
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