Question
Can the purchaser cool-off in the following circumstances? Justify your answer. a-) P signs two contract notes for two factory sites next door to each
Can the purchaser cool-off in the following circumstances? Justify your answer.
a-) P signs two contract notes for two factory sites next door to each other, the prices being $139 000
and $225 000 respectively. Two weeks after signing a contract note, P signs a contract of sale as required by the vendor. This relates to the same property and sets out the terms of the contract in more detail
b-) P signs a contract of sale to purchase a flat for $169 000
P seeks the advice of his conveyancer who advises 'sure, go ahead and sign it- you've got three days
to cool-off anyway
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