Contracts
A Minnesota purchase agreement contains an inspection contingency with a 10-day period. On day 8, the buyer requests repairs. The seller has how long to respond under a standard Minnesota purchase agreement?
A24 hours
BThe time specified in the agreement✓ Correct
C30 days
D5 business days
Explanation
The seller's response time is governed by the specific terms of the purchase agreement. Minnesota purchase agreements typically specify response deadlines for each contingency.
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