Absent a provision to the contrary in the contract, the risk of loss for destruction to the property passes to the purchaser at the time the contract is signed.

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This is known as the "risk of loss" rule, which means that once the contract is signed, the buyer is responsible for any damage or destruction that may occur to the property. However, some contracts may include a provision that shifts the risk of loss to one of the parties.

Absent a Provision to the Contrary in the Contract, the Risk