Discussion:
1. Cancellation, Recission and Release
In 200-250 words, compare and contrast the concepts of cancellation, rescission and release. When are these appropriate measures to end an agreement of sale? If you are the seller, when might you choose to litigate rather than release? If you are a buyer, when might you choose to litigate to force release?
1. Contingencies
Explain and evaluate contingencies.
In 200-250 words, define a contingency. List three examples of contingencies and evaluate how they may affect the close of the sale.