Contracts
A Montana purchase contract's inspection contingency deadline passes without the buyer taking action. Under most standard contract forms, this means:
AThe contract automatically terminates
BThe contingency is deemed waived and the buyer proceeds without the inspection protection✓ Correct
CThe buyer receives an automatic 10-day extension
DThe seller must request the buyer's decision in writing
Explanation
If a buyer fails to act within an inspection contingency deadline (request repairs, request price adjustment, or cancel), the contingency is typically deemed waived. The buyer then proceeds to closing without the protection of that contingency.
Related Montana Contracts Questions
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