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Exam term

Option termination notice

A Texas buyer's notice ending the contract under the paragraph 5 termination option. It is due by 5 p.m. property-local time on the final option day and is not extended for weekends.

Lessons that use this term

  • The statute of frauds, electronic signatures, and time is of the essence Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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