Contracts
In a Wisconsin WB-11 offer, the term 'contingency' allows the buyer to:
AExtend the closing date indefinitely
BCancel the contract if the specified condition is not met✓ Correct
CRenegotiate the price after acceptance
DTransfer the contract to another buyer
Explanation
A contingency is a condition that must be met for the contract to proceed. If the contingency is not satisfied by the stated deadline, the protected party (usually the buyer) may cancel the contract.
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