Which statement about removing a condition in a contract is true?

• A. The condition can be removed at any time, even after the deadline
• B. The condition can be waived only by the party benefiting from it
• C. The condition can be removed by both parties unilaterally
• D. Written notice is not required to remove a condition

Answer: (B)

The important idea here is who has the power to waive or remove a condition in a contract. A condition in a real estate agreement is a protection that must be satisfied for the deal to close. The right to waive that protection belongs to the party who benefits from having it in place—typically the buyer, who may need financing, a satisfactory inspection, or other contingencies before proceeding.

So, the statement that the condition can be waived only by the party benefiting from it matches how waivers are generally handled: the beneficiary decides to proceed and, if they choose to do so, they can waive the condition (usually by giving written notice by the specified deadline). The seller does not have the unilateral right to waive the buyer’s condition, and both parties cannot waive it unilaterally without agreement. Also, waivers are typically in writing to be effective and to avoid disputes.

The other options conflict with these principles: removing a condition after its deadline ignores the timeline set in the contract; allowing both parties to remove it unilaterally would undermine the protection the condition provides; and denying the need for written notice would create ambiguity about whether the condition was really waived.