Contracts
A 'contingency for sale of buyer's property' in a Rhode Island purchase contract means:
AThe buyer must sell their current home before the purchase is complete✓ Correct
BThe seller must buy another home before closing
CThe purchase price is contingent on the appraised value
DThe buyer waives all contingencies
Explanation
A home sale contingency makes the buyer's purchase conditional upon the successful sale of their current home. It protects the buyer from owning two properties simultaneously, but may make their offer less attractive to sellers.
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