subject
Law, 14.06.2021 14:00 JonJon05

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

Other questions on the subject: Law

image
Law, 07.07.2019 02:10, 10040813
Limbic system disorders are possible explanations for criminal behavior under_theries? a. classical b. psychoanalytic c. criminal anthropology .d biocriminiology
Answers: 1
image
Law, 14.07.2019 10:10, shanapple50
The texas department of public safety issues driver's licenses and identification cards that have specific security features. a valid driver's license issued after april 2009 has which of the following features on the front of the card?
Answers: 2
image
Law, 15.07.2019 07:10, xonyemaa12
How does the right to file a lawsuit protect people?
Answers: 3
image
Law, 15.07.2019 14:10, bossybaby12
Most collisions caused by 16-year-old drivers tend to involve . a. a temporary physical impairment b. a willfully dangerous action c. an improper visual search
Answers: 1
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 in other subjects:

Konu
Business, 30.04.2021 02:40
Konu
Mathematics, 30.04.2021 02:40