Contracts
A New Hampshire buyer includes a financing contingency in their offer. If the buyer cannot secure financing, the contingency allows them to:
ASue the seller for breach of contract
BCancel the contract and recover their earnest money✓ Correct
CExtend the closing date indefinitely
DForce the seller to provide seller financing
Explanation
A financing contingency protects the buyer. If they cannot obtain the specified financing terms, they may cancel the contract and recover their earnest money deposit.
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