Which statement is TRUE about contingencies in purchase offers?
A. They must be reasonable to be enforceable.
B. The person benefiting by the contingency can waive it.
C. They make the contract illusory.
D. If one party can be relieved by the failure of a contingency, the other party can also be relieved from performance should the contingency fail.
Answer: B. The person benefiting by the contingency can waive it.
Business
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