Contracts
Under the Utah Residential Purchase Contract, 'due diligence' refers to:
AThe seller's obligation to repair all defects
BThe buyer's right to investigate and evaluate the property within an agreed period✓ Correct
CThe title company's obligation to clear all liens
DThe lender's obligation to fund within 30 days
Explanation
The due diligence period in Utah's Residential Purchase Contract gives the buyer the right to investigate the property—conducting inspections, reviewing HOA documents, checking zoning, and verifying financing—before committing irrevocably to the purchase.
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