Contracts
A 'contingency' in a Utah real estate purchase contract becomes 'satisfied' when:
AThe buyer decides they want to proceed with the purchase
BThe specific condition required by the contingency has been fulfilled✓ Correct
CThe closing date arrives
DThe seller agrees to remove the contingency
Explanation
A contingency is satisfied (removed from the contract) when the specified condition has been fulfilled—for example, when financing is approved, inspection is satisfactory, or the appraisal meets the required value.
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