Contracts
A buyer's offer includes a condition that the sale only proceeds if the buyer's current home sells within 60 days. This is a:
AContingency clause✓ Correct
BLiquidated damages clause
CRight of first refusal
DOption clause
Explanation
A contingency clause makes the contract conditional on a specified event occurring. A home-sale contingency requires the buyer's existing home to sell before the purchase can proceed.
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