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Brandon enters into a contract of sale of his house with Zandi. They agree that Zandi will purchase the house for R 600 000 provided

Brandon enters into a contract of sale of his house with Zandi. They agree that Zandi will purchase the house for R 600 000 provided Zandi acquires a loan of R 590 000 from P Bank. The agreement further provides that Zandi shall pay a deposit of R10 000 which shall be forfeited if Zandi withdraws from the contract of sale. 


Identify the terms of the contract of sale between Zandi and Brandon. Further, explain the implications of these terms to Zandi and Brandon. 

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