Buyer Seller Purchase Force
Description
How to fill out Addendum For Continued Marketing Of Property By Seller Due To Contingencies?
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FAQ
With Assuming the deal is not contingent on another sale, and the seller wants out in order to get a better deal or simply changes their mind, the buyer has a remedy in the form of a suit in court for specific performance, seeking a court order requiring the seller to perform as the seller originally contracted to do.
Under California law, the right to file a partition action requesting that the property be sold is absolute.
If the seller fails to rectify the default during the notice and cure period, the buyer can pursue legal remedies, as specified in the default provision. This may include seeking damages, specific performance of the contract, or the return of their deposit.
Section 69(1) of the Uniform Sales Act provides: "Where there is a breach of warranty by the seller, the buyer may, at his election: (a) accept or keep the goods [and recoup or recover damages, or] ; (b) refuse to accept the goods . . .; (c) rescind the contract to sell or the sale." In this article, "rejection" refers ...
The legal proceeding or legal action brought by either the buyer or the seller under a purchase contract to enforce the terms of the contract is known as: A suit for specific performance.
