Contracts
In Montana, a contract for the purchase of real estate that is contingent on the sale of the buyer's existing home is:
AAutomatically unenforceable under Montana law
BA common contingency that makes the purchase conditional on the buyer's ability to sell their home✓ Correct
COnly valid for 30 days under Montana contract law
DConsidered an option contract rather than a purchase contract
Explanation
A home sale contingency is a standard contractual provision in Montana allowing buyers to condition their purchase on the sale of their existing home. The seller may continue marketing the property and may invoke a 'kick-out' clause giving the buyer time to waive the contingency if another offer is received.
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