Contracts
A Vermont 'notice to perform' or 'cure notice' in a real estate transaction is used when:
AThe buyer wants to speed up closing
BOne party is in breach or failing to meet a deadline and the other party formally demands performance✓ Correct
CThe lender requires additional documentation
DThe inspection reveals defects
Explanation
A notice to perform or cure is delivered to a party who has failed to meet a contractual obligation, formally demanding that they perform within a specified period or face the consequences of breach.
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