Contracts
In Michigan, a purchase agreement with an 'inspection contingency' allows the buyer to:
ADemand a price reduction for any finding
BRescind the contract if the inspection reveals unsatisfactory conditions per the contract terms✓ Correct
CReplace the seller's inspector with their own
DAutomatically extend the closing by 30 days
Explanation
An inspection contingency typically allows the buyer to rescind the contract or negotiate repairs if a professional inspection reveals unsatisfactory conditions, according to the specific terms stated in the contingency clause.
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