Contracts
What is a 'survivability clause' in a Rhode Island purchase and sale agreement?
AA clause protecting the buyer if the seller dies before closing
BA clause specifying which contractual obligations survive the closing (such as warranties, representations, and indemnifications)✓ Correct
CA clause protecting the earnest money from forfeiture
DA clause requiring the buyer to survive until closing
Explanation
A survivability clause specifies which terms of the purchase agreement survive the closing and remain enforceable after the deed is delivered—such as seller warranties, representations, and indemnification obligations. Without this, the merger doctrine might extinguish them.
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