Contracts
In Tennessee, a purchase agreement that contains a 'due diligence' period allows the buyer to:
ARenegotiate the price after closing
BInvestigate the property and terminate the contract for any or no reason during the due diligence period✓ Correct
CInspect only the HVAC system
DHave only a structural inspection
Explanation
A due diligence period gives the buyer a specified time to investigate all aspects of the property — inspections, surveys, environmental studies, zoning checks — and typically allows termination for any reason within the period.
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