Michigan Mortuary Science Practice Exam 2025 - Free Mortuary Science Practice Questions and Study Guide

Choosing the escrow agent for a non-guaranteed price contract is typically a decision that can be made by both the contract seller and the provider. This allows for a collaborative approach where both parties can agree on an escrow agent that they trust to manage the funds appropriately and ensure that the terms of the contract are adhered to.

In a non-guaranteed price contract, the buyer (or contract seller) may have specific preferences or requirements that the provider may also need to consider. By allowing either party to choose the escrow agent, it promotes transparency and mutual agreement, which is important for maintaining a positive relationship between the contracting parties.

The other options suggest that only one party holds the authority to choose the escrow agent or that it is designated by a state regulatory body, which is not reflective of the collaborative nature of most contracts in this context.