Contracts
A Missouri purchase contract specifies that the closing must occur 'on or before' July 15. This means:
AClosing must happen exactly on July 15
BClosing can happen any time up to and including July 15✓ Correct
CThe closing deadline is flexible beyond July 15
DJuly 15 is merely a suggestion
Explanation
'On or before' means the closing must be completed no later than July 15 but could occur earlier if both parties agree. Combined with 'time is of the essence,' the deadline is strict.
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