Contracts
A Nebraska buyer makes an offer contingent on selling their current home. The seller accepts but includes a 72-hour kick-out clause. This means:
AThe buyer has 72 hours to remove all contingencies
BIf the seller receives another offer, the buyer has 72 hours to waive the sale contingency or the seller can accept the new offer✓ Correct
CThe seller can terminate the contract after 72 hours for any reason
DClosing must occur within 72 hours of satisfaction of contingency
Explanation
A kick-out clause (right of first refusal clause) allows the seller to continue marketing. If another offer comes in, the original buyer gets 72 hours to waive their home sale contingency or lose the contract to the new buyer.
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