Contracts
A Michigan purchase agreement contains a 'save harmless' (hold harmless) clause. This clause typically protects the:
ABuyer from defects discovered after closing
BAgent or broker from certain claims arising from the transaction✓ Correct
CSeller from all warranty obligations
DLender from borrower default
Explanation
Hold harmless (indemnification) clauses in listing agreements or buyer agency agreements typically protect the agent or broker from liability for certain acts, such as reliance on information provided by third parties.
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