Contracts
A contingency clause in a purchase agreement allows a buyer to:
AIncrease the purchase price after signing
BCancel the contract or renegotiate if a specified condition is not met✓ Correct
CTransfer the contract to another buyer
DExtend the closing date indefinitely
Explanation
A contingency clause allows the buyer to cancel the contract or renegotiate terms if a specified condition — such as financing, inspection, or appraisal — is not satisfied.
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