Contracts
Under a Wisconsin WB-11, the 'closing date' is the date by which:
AThe buyer must obtain financing
BThe transfer of title and exchange of funds must occur✓ Correct
CThe inspection must be completed
DThe earnest money must be deposited
Explanation
The closing date in a WB-11 is the date by which the parties must complete the transaction — the deed is transferred, funds are exchanged, and possession typically occurs.
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