Contracts
In Wyoming, when a party to a contract dies before closing:
AThe contract is automatically void
BThe contract may remain binding on the deceased party's estate✓ Correct
CThe surviving party must accept a refund and renegotiate
DThe property automatically passes to the buyer
Explanation
Generally, real estate contracts survive the death of a party and become obligations of the deceased's estate. The estate may be required to complete the transaction (or face breach of contract liability). However, personal services contracts (those requiring unique personal skill) may terminate upon death.
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