Contracts
A real estate contract becomes void if:
AThe buyer changes their mind after signing
BThe subject property is destroyed before closing✓ Correct
COne party delays signing by 24 hours
DThe offering price is reduced by more than 10%
Explanation
If the subject property is destroyed before closing, the contract may become void or voidable depending on the jurisdiction and contract terms. Tennessee follows equitable conversion principles, so risk of loss allocation depends on the contract and applicable law.
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