Contracts
A 'contingency for sale of buyer's current home' in a Michigan purchase agreement protects the buyer by:
ARequiring the seller to help the buyer find a buyer for their current home
BAllowing the buyer to void the contract if their current home does not sell within a specified period✓ Correct
CExtending the closing date indefinitely
DReducing the purchase price if the buyer's home sells for less than expected
Explanation
A home sale contingency allows the buyer to void the contract and recover their earnest money if they are unable to sell their current home within the specified period, protecting them from owning two properties simultaneously.
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