Contracts
A Massachusetts P&S specifies a closing 'on or before' a certain date. This language means:
AThe closing must occur exactly on that date
BThe closing may occur on or any time before the specified date, providing flexibility✓ Correct
CThe closing must occur after that date
DThere is no closing date requirement
Explanation
'On or before' a closing date means the parties may close at any time up to and including the specified date. Either party can request an earlier closing, and both must be ready to close on or before the deadline.
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