Contracts
In Nevada, what is a 'right to cure' in a real estate contract context?
AA buyer's right to fix defects found during inspection
BA provision giving the defaulting party an opportunity to remedy their breach within a specified period before the non-breaching party can pursue remedies✓ Correct
CA seller's right to make repairs before the inspection period
DAn automatic extension of the closing date
Explanation
A right to cure provision gives the breaching party in a Nevada contract a specified period (typically 3–10 days) to remedy their default after receiving notice before the other party may cancel the contract or pursue other remedies. This prevents contract cancellation for minor, correctable breaches.
Related Nevada Contracts Questions
- What is a Nevada commercial lease termination clause?
- What is an 'inspection contingency' in a Nevada real estate purchase contract?
- What is an 'all cash' offer in a Nevada real estate transaction and how does it affect the seller?
- A seller's disclosure in Nevada must include:
- In Nevada, what is the difference between a void and a voidable contract?
- What is a liquidated damages clause in a Nevada purchase contract?
- What is a home warranty in a Nevada residential real estate transaction?
- Liquidated damages in a Nevada purchase contract refer to:
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →