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You would execute the inspection contingency clause in the contract that permits you to terminate the contract and reclaim your deposit after the inspection turns up material defects that you will not accept. Additional comment: That's why it is important to consult an attorney BEFORE you sign a P & S Agreement.

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Q: If someone purchases a lot of land and is under contract to purchase that land and it is deemed bad land after signing the contract how do you discharge this contract?
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