Contracts
A Wyoming real estate purchase agreement that does not specify who pays closing costs creates:
AAn automatic split of costs between buyer and seller
BAmbiguity that may need to be resolved by local custom, negotiation, or court determination✓ Correct
CA void contract due to missing essential terms
DAn obligation for the seller to pay all costs
Explanation
While a missing closing cost allocation does not necessarily void a contract (the essential terms for a real estate contract are parties, property, price, and terms), ambiguity about who pays specific costs can lead to disputes. Local custom and negotiation typically fill in such gaps.
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