Contracts
Which contingency in a purchase agreement gives the buyer the right to withdraw if they cannot secure financing on specified terms?
AInspection contingency
BAppraisal contingency
CMortgage contingency✓ Correct
DTitle contingency
Explanation
A mortgage (financing) contingency allows the buyer to terminate the contract and recover their earnest money if they are unable to obtain financing that meets the terms specified in the contract — such as a certain loan amount, interest rate, or loan type.
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