Some common examples include: Home inspection contingencies: The buyer requests an inspection of the property before agreeing to purchase. Appraisal contingencies: If a property appraises for less than the purchase price, the buyer can legally back out of the sale.
What are examples of contingencies?
A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.
What are the most common contingencies?
The three-term contingency - also referred to as the ABCs of behavior (antecedent-behavior-consequence) illustrates how behavior is elicited by the environment and how the consequences of behavior can affect its future occurrence.