Samantha signs a contract to buy a brand-new unit in Kogarah. The contract is subject to
an extended settlement period of 120 days. Samantha, through her solicitor, transfers the 10% deposit to the vendor’s solicitor and then speaks with her mortgage broker about obtaining a loan.
While all this is going on, Samantha sells her own unit in Oatley. She intends to use the
money realised from the sale of the Oatley unit to pay the balance of the purchase price
of the Kogarah unit.
A problem arises when Samantha’s unit does not sell by the expected date. Samantha needed to secure short-term finance at an almost exorbitant interest rate just so she can buy the Kogarah unit. Samantha consults her solicitor, who advises her that she can sue the buyer of her Oatley unit for breach of contract and ask for damages including the additional interest charges she incurred. Is Samantha’s solicitor correct? Explain your answer. (Maximum 150 words)
Answers: 1
Law, 16.07.2019 17:10, camidevecchis15
Which of the following ideological types favor government activism in the economic realm? a. liberals and populists b. populists and libertarians c. conservatives and liberals d. populists and conservatives
Answers: 1
Law, 16.07.2019 20:20, jkw1222p0ttvq
Why was the supreme court’s ruling important in gitlow v. new york?
Answers: 3
Samantha signs a contract to buy a brand-new unit in Kogarah. The contract is subject to
an extende...
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