Bonolo enters into a contract of purchase and sale on 17 November 2013 with House & Homes, a company which sells and delivers furniture. In terms of the contract, Bonolo buys a lounge suite for R15 000, but on condition that she obtains a personal loan to that amount.a) Suppose that Bonolo obtains a loan on 22 November 2013. No date for delivery of the lounge suite was determined in the contract. If the furniture is not delivered by 1 December, can it be said that House & Homes is in breach of contract?(5 marks)

b) Suppose Bonolo is still in the process of applying for a loan and a water pipe bursts in the store on 20 November 2013. The entire lounge suite is ruined as a result thereof. House & Homes wants to know from you who bears the risk of accidental damage and why?