Question

Which section of a CAR Residential Purchase Agreement is a provision divided into three sections: mediation, arbitration of disputes, and additional terms?

Answer 1

Answer: Appraisal contingency and Removal.

Explanation:

The appraisal contingency, is a kind of CAR residential purchase agreement, which allows a buyer to back out of the deal if the house appraises for less than the already agreed-upon value. and the loan contingency, this term lets the buyer back out if he/she can't get their loan approved for the said purposes.

Answer 2

The section of a car residential purchase agreement that separates it into three sections would be:

Section 9C

• The section titled 9C functions to separate the property purchase provisions into three varied divisions.
• These divisions include mediation followed by arbitration of disputes, and the external terms that fulfill the remaining ones.
• The other options are present in order to fulfill if either of them fails to resolve the dispute.

Thus, "section 9C" is the correct answer.

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