Contracts
A NJ buyer's contract contingency on the sale of their current home typically includes a 'kick-out clause' that allows the seller to:
ACancel the contract without penalty
BContinue marketing the property and, upon receiving another offer, give the contingent buyer a short period to remove the contingency or lose the deal✓ Correct
CRaise the purchase price
DExtend the inspection period
Explanation
A kick-out clause allows the seller to continue marketing the property. If a better offer comes in, the seller notifies the contingent buyer, who then has a defined period (often 48–72 hours) to waive the contingency or the contract is terminated.
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