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A day after entering into a contract to purchase a property, the purchaser decides they no longer wish to go ahead with the contract. The
A day after entering into a contract to purchase a property, the purchaser decides they no longer wish to go ahead with the contract. The following course of action is open to them: Group of answer choices They could terminate the contact within the statutory day cooling off period provided they have not waived this right. They will have to settle on the contract or an order for specific performance could be granted against them. They could employ a building inspector to identify some issues with structural integrity of the house and terminate the contract on that basis. They could advise the seller that they are not likely to be able to complete the contract. The contract would then be set aside for anticipatory breach
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