Contracts
In Washington, a buyer who uses their inspection contingency to terminate the contract after discovering a minor crack in a windowsill may:
ABe in breach of contract for an unreasonable termination
BLegally terminate the contract if the inspection contingency gives them discretion to terminate for any inspection-related reason within the contingency period✓ Correct
COwe the seller compensatory damages
DBe required to renegotiate rather than terminate
Explanation
Many Washington inspection contingencies give buyers broad discretion to terminate for any reason discovered during the inspection, even minor issues. If the contingency language permits it, the buyer may legally terminate without penalty.
Related Washington Contracts Questions
- In Washington, a seller who makes a material misrepresentation in the seller disclosure statement (Form 17) may be liable for:
- A buyer submits an offer with an earnest money check of $10,000. The seller's broker must:
- In Washington, an option contract gives the optionee the:
- A Washington purchase agreement is executed on Monday. The seller gives the buyer until Thursday at 5 PM to respond to a counter. The buyer calls at 4:59 PM Thursday to accept verbally. This creates:
- In Washington, 'parol evidence' in a real estate contract dispute refers to:
- A Washington buyer and seller agree verbally to modify the closing date by one week. To be legally enforceable, this modification must be:
- A Washington buyer submits an offer that is contingent on the appraisal meeting or exceeding the purchase price. The property appraises at $15,000 below the purchase price. The buyer may:
- In Washington, the financing contingency in a purchase and sale agreement typically allows the buyer to:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →