Question

Under the NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract, a buyer who is unable to complete Settlement by the date stated in the contract, but who is acting in good faith and with reasonable diligence to proceed to Settlement, may, by giving notice to the seller, delay the Settlement without the seller's consent up to

Answer 1

Under the NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract, a buyer can delay the settlement without the seller's consent up to the agreed date if they are acting in good faith and with reasonable diligence.

Step-by-step explanation:

Under the NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract, a buyer who is unable to complete Settlement by the date stated in the contract, but who is acting in good faith and with reasonable diligence to proceed to Settlement, may, by giving notice to the seller, delay the Settlement without the seller's consent up to the agreed date.

Under the NCAR/NCBA Standard Form 2-T Offer to Purchase and Contract, a buyer can delay the settlement without the seller's consent up to the agreed date if they are acting in good faith and with reasonable diligence.

This provision allows the buyer some flexibility if they encounter unforeseen circumstances that prevent them from completing the Settlement on time.