You situation as NY Bar Exam 2011 Question 1 subquestion (4)

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回答: 謝謝,找到了宮商角徵羽2015-02-21 17:12:44

see sample answer to question 1, section 4.   Flood damage in a purchase contract.   Looks like you can back out. 

www.nybarexam.org/ExamQuestions/JULY2011QA.pdf

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