Contracts
Under Wisconsin law, a purchase contract clause stating 'buyer may void the contract for any reason within 3 days of signing' creates a:
AStandard purchase agreement
BFree-look period or option period giving the buyer an unconditional right to cancel during that window✓ Correct
CListing contract provision
DFinance contingency
Explanation
A free-look or option period gives the buyer an unconditional right to void the contract within a specified period, in exchange for consideration (typically a higher earnest money deposit).
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