Contracts
A Virginia real estate contract becomes void if:
AA party changes their mind before closing
BThe subject matter of the contract is destroyed before title passes✓ Correct
CA contingency period passes without action
DThe listing agent is fired by the seller
Explanation
If the property is destroyed (e.g., by fire) before the contract closes and before risk of loss has passed to the buyer, the contract may become void for failure of the essential subject matter.
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