Contracts
A Nebraska purchase agreement includes a financing contingency. If the buyer cannot obtain financing within the stated period, the contract is:
AVoid
BVoidable by the buyer✓ Correct
CVoidable by the seller
DAutomatically extended
Explanation
A financing contingency makes the contract voidable by the buyer if they cannot obtain the specified financing. The buyer may elect to waive the contingency or terminate and recover earnest money.
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