Contracts
Under Wisconsin law, a contingency in a real estate contract must be:
AOpen-ended with no time limit
BTied to a specific condition and typically contain a deadline for satisfaction or waiver✓ Correct
COnly related to financing
DApproved by a Wisconsin court
Explanation
Contingencies should be specific as to the condition and include a deadline by which the condition must be satisfied or waived; open-ended contingencies can create legal ambiguity.
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