Question: The purchase agreement between Stella and Dave includes a time is of the essence clause. A week before closing, the lender informs Stella that the
The purchase agreement between Stella and Dave includes a time is of the essence clause. A week before closing, the lender informs Stella that the Ioan will close a week later than expected. Dave agrees to extend the contract deadline by eight days. This would MOST LIKELY be handled with an:
addenda.
amendment.
counteroffer.
handshake.
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