Contracts
A contingency clause in a New Mexico purchase contract that is not satisfied by the deadline will:
AAutomatically extend the closing date
BAllow the party for whose benefit the contingency was written to void the contract✓ Correct
CMake the contract null and void immediately
DTransfer liability to the broker
Explanation
A contingency clause protects a specific party (usually the buyer). If the condition is not met, that party has the right to void the contract without penalty.
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