Question
Chris contracts to buy David's house on condition that Small Town Bank approves Chris's application for a mortgage loan by July 1. If Chris is
Chris contracts to buy David's house on condition that Small Town Bank approves Chris's application for a mortgage loan by July 1. If Chris is not approved for the loan, then:
Group of answer choices
he still has a duty to buy the house.
he is discharged from further obligation under the contract.
his inability to get the loan constitutes a breach of contract.
he must renegotiate with David.
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Law for Business
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
13th edition
1259722325, 978-1259722325
