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A buyer is in the process of closing a transaction when a tornado causes damage...

Humber College PREX-1060A Full Course Access
Humber College PREX-1060A View All Questions

A buyer is in the process of closing a transaction when a tornado causes damage to the property. The necessary repairs may extend past the closing date. Which of the following may be used to resolve this problem?

A.

Change the completion date by using a waiver.

B.

Change the completion date by using a notice of fulfillment.

C.

Change the completion date by using an amendment to the agreement of purchase and sale.

D.

A change is not necessary because the damage is out of the control of the buyer or the seller.

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