Contracts
A contingency in a West Virginia purchase contract that is not satisfied by the stated deadline:
AAutomatically extends the contract for 30 days
BMay allow the contingent party to terminate the contract✓ Correct
CResults in automatic forfeiture of earnest money
DRequires mediation before termination
Explanation
When a contingency deadline passes without satisfaction, the party protected by the contingency may have the right to terminate the contract (depending on its terms). Earnest money disposition depends on which party was at fault.
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