subject
Law, 14.06.2021 14:00 kokilavani

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)

ansver
Answers: 1

Another question on Law

question
Law, 06.07.2019 11:10
Vop hearing iowa 2 tec violation discharge date expired tho can they send me to jail?
Answers: 3
question
Law, 07.07.2019 02:10
Cases that arent resloved through plea bargaining or by a jury trial are decided by a judge in a /an? a.indictment b.grand jury c.arraignment d.bench trial
Answers: 1
question
Law, 12.07.2019 10:10
What is the most common reason people do not vote?
Answers: 2
question
Law, 13.07.2019 03:20
Judicial review works in which of the following ways
Answers: 2
You know the right answer?
Samantha signs a contract to buy a brand-new unit in Kogarah. The contract is subject to an extende...
Questions
question
Mathematics, 03.05.2020 13:43
question
Physics, 03.05.2020 13:44
question
Mathematics, 03.05.2020 13:44
question
Mathematics, 03.05.2020 13:44
question
Mathematics, 03.05.2020 13:44
question
History, 03.05.2020 13:44
Questions on the website: 13722363