Contracts
A Massachusetts P&S provides for a 5-day due diligence period. During this time, the buyer may:
AOnly conduct a physical inspection
BReview documents, conduct inspections, assess financing, and determine if they wish to proceed on the terms agreed✓ Correct
CNegotiate with other sellers simultaneously
DOnly review the title
Explanation
A due diligence period gives the buyer a specified time to investigate all aspects of the transaction—physical condition, title, financing, permits, environmental matters, etc.—before committing irrevocably to the purchase.
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