Contracts
An Oklahoma buyer waives their right to an inspection during a multiple-offer situation to make their offer more competitive. The seller's disclosure form was provided. If problems are discovered after closing, the buyer:
ACan always void the purchase contract
BHas limited recourse; they waived the inspection contingency and took on more risk — though they may still have claims for fraud if the seller concealed known defects✓ Correct
CCan sue the seller for anything found in the first year
DIs automatically compensated by the seller's title insurance
Explanation
By waiving the inspection contingency, the buyer accepted the property in its current condition and gave up the right to terminate based on inspection findings. However, sellers who actively concealed known defects can still face fraud liability.
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