Contracts
A New Hampshire purchase and sale agreement includes an inspection contingency. The inspection reveals a failed septic system. The buyer may:
AOnly proceed or forfeit the deposit
BRequest repairs, a price reduction, or withdraw and receive a deposit refund per the contingency terms✓ Correct
CDemand the seller replace the septic at no cost regardless of contract language
DImmediately sue the seller for misrepresentation
Explanation
Under a standard inspection contingency, if defects are found the buyer may negotiate repairs, a price reduction, or withdraw from the contract and receive a full deposit refund — depending on the contingency's specific terms.
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