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AfilCa [17]
2 years ago
13

What’s the term for a condition that must be met before closing? Contingency Exclusion Line item Option

Business
1 answer:
Rashid [163]2 years ago
6 0

Answer:

Contingency

Explanation:

A contingency clause is a condition stipulated in a purchase agreement that must be met before the closing date. Contingencies are normally included in the purchase of properties such as homes and land.  A contingency or condition usually relates to issues to do with financing, insurance, appraisal, or financing.  A contingency becomes part of the sales contract should the buyer, and the seller agree on the other terms.

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