Contracts
A NC buyer's offer contains a clause stating 'Seller shall make all repairs identified by home inspector.' This is an example of:
AAn 'as-is' clause
BAn open-ended repair contingency that may be difficult to enforce due to lack of specific terms✓ Correct
CAn illegal contract provision
DA standard NC Offer to Purchase provision
Explanation
A vague repair provision requiring 'all repairs identified' without limiting cost or specifying types of repairs can be problematic — the standard NC OTP approach is to negotiate specific repairs or a dollar cap.
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