Contracts
A North Dakota buyer places an offer contingent on the sale of their existing home. The seller counters with a '72-hour kick-out clause.' This gives the seller the right to:
ATerminate the contract without notice at any time
BAccept a new offer and give the original buyer 72 hours to remove the home sale contingency or lose the contract✓ Correct
CRequire the buyer to close within 72 hours
DIncrease the purchase price if the buyer cannot perform within 72 hours
Explanation
A kick-out clause allows a seller to continue marketing the property. If another acceptable offer comes in, the seller may give the original buyer a specified period (e.
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