Business, 11.05.2021 01:50 masontdavis

On October 1st, Bob Buyer made an offer to purchase a residential property using the NCAR Standard Offer to Purchase and Contract form. The offer specified that the due diligence period would extend until October 30th. A home inspection was performed on October 27th and the report was provided to Bob Buyer on October 30th revealing major structural damage. At 10pm, on October 30th, Bob Buyer notified the seller in writing that he was terminating the contract. Under these circumstances, how would the provisions of the sales contract apply to the disposition of the earnest money deposit and the due diligence fee

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On October 1st, Bob Buyer made an offer to purchase a residential property using the NCAR Standard O...

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