Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The sellers need to close the sale of their home within 30 days of signing the purchase-and-sale contract because the sale proceeds are indispensable to

The sellers need to close the sale of their home within 30 days of signing the purchase-and-sale contract because the sale proceeds are indispensable to complete the purchase on the home they have contracted to buy. Both closings are scheduled for a Monday. On Friday, the sellers pack up almost all of their possessions and are poised to move into their new home first thing after both transactions close on Monday. Their listing broker calls Monday at 8am to inform them that their buyers aren't ready to close, and won't be ready for two weeks. They promptly inform the sellers- who are furious. a. What language would you have recommended for the sellers regarding the closing date in the purchase-and-sale agreement on the house they are selling and the one they are buying

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Andersons Business Law and the Legal Environment

Authors: David p. twomey, Marianne moody Jennings

21st Edition

1111400547, 324786662, 978-1111400545, 978-0324786668

More Books

Students also viewed these Law questions