Aryanna Simpson

Business

10 November, 09:45

Alice signs a contract with bob to buy bob's house for $150,000, with the clause, "if i am able to obtain a mortgage loan for $125,000, at no more than 7% interest, payable over 15 years." assume that alice tries but is unable to obtain the described loan, and therefore refuses to proceed with the purchase. alice is in breach of the contract.

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