Contracts
In Montana, a real estate contract that includes a contingency for financing 'at current market rates' with no further specification could be problematic because:
AIt is invalid under Montana law
BThe vague financing terms may create disputes about what 'current market rates' means if rates change before closing✓ Correct
CAll Montana contracts must specify the exact interest rate
DThe buyer could only use it for cash purchases
Explanation
Vague contingency language such as 'at current market rates' without specifying rate, terms, and loan type can create contract disputes. Well-drafted Montana finance contingencies specify the loan amount, maximum interest rate, loan type, and the deadline for obtaining commitment.
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