Sale of property and breach of contract
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If a person enters a contract to sell property, and the buyer was required to pay total amount at closing, the closing date arrives and party one changes their minds about selling the property. besides this being a breach of contract, what relief is the buyer entitled to, if any?
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This solution discusses the sale of property and breaching a contract.
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The seller is still obligated to various fees and commissions. The buyer can get relief from a specific performance lawsuit. This type of lawsuit is filed when one party was to carry out a certain act and failed to do so. In this case, ...
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