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Joe, Nicolas and Dante obliged themselves jointly to deliver to Ricky a particular racing horse on April 1. Their agreement which was made known to

  1. Joe, Nicolas and Dante obliged themselves jointly to deliver to Ricky a particular racing horse on April 1. Their agreement which was made known to Ricky is that they will contribute the amount in buying the particular horse. However, the horse was not delivered on the date due because of failure of Nicolas to give his share of the purchase price. State the rights and obligations of the parties.

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