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Essay text:
The conditions of the closing were that there was no deposit to be paid but that a special clause was to be included.
c. When the closing date arrived, Thomas, representing his un-incorporated business, did not have the funds.
II. Facts relevant to legal issue
a. The buyer was not able to fulfill the contract.
b. The contract - The clause - Any failure to close within 2 days of the stated closing date shall be deemed a breach of contract. Legal action against the buyer will ensue thereafter. However, if the buyer pays a non-refundable deposit of $2,000, legal action will not be taken, in lieu of retention of the $2,000...
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