Contracts
A South Carolina buyer's offer contains a 'contingency removal deadline.' This is important because:
AIt allows the buyer to negotiate indefinitely
BFailure to actively remove or address the contingency by the deadline can allow the contract to expire or be terminated✓ Correct
CIt automatically extends the closing date
DIt protects the buyer from all financial liability
Explanation
Contingency deadlines create firm dates by which the buyer must take action (remove the contingency, terminate, or request an extension). Missing the deadline without proper notice can have significant contractual consequences.
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