Lyka and Brigette entered into a contract of sale over a parcel of land. In their agreement. the buyer, Brigette, must pay the purchase price on or before December 9, 2022 with the condition that if Bridgette fails to pay, the contract shall be automatically rescinded. If Brigette fails to pay on December 9, 2022, can she still pay on December 12, 2022? Why or why not?
Lyka and Brigette entered into a contract of sale over a parcel of land. In their agreement. the buyer, Brigette, must pay the purchase price on or before December 9, 2022 with the condition that if Bridgette fails to pay, the contract shall be automatically rescinded. If Brigette fails to pay on December 9, 2022, can she still pay on December 12, 2022? Why or why not?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lyka and Brigette entered into a contract of sale over a parcel of land. In their agreement. the buyer, Brigette, must pay the purchase price on or before December 9, 2022 with the condition that if Bridgette fails to pay, the contract shall be automatically rescinded.
If Brigette fails to pay on December 9, 2022, can she still pay on December 12, 2022? Why or why not?
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