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Audry Fernandes (nil)     04 December 2010

second instalment not paid as per agreement

If an Agreement for sale is signed  with payment in instalments and the Agreement carries a clause that "If the balance payments are not paid by due date the Agreement stands cancelled"

1. does non receipt of the balance payments make the agreement null & void?

2. Does the seller have to legally terminate the agreement by a Notice to the Buyer?

3. Can the buyer still go to court to revalidate the Agreement?

 

Thanks



Learning

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