A purchaser enters a contract to purchase land from a seller. The contract provides that the settlement date is 1 March but time is not of the essence. Is the following statement true or false? ‘The purchaser is not legally obligated to settle the transaction on 1 March.’ True or False?
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A purchaser enters a contract to purchase land from a seller. The contract provides that the settlement date is 1 March but time is not of the essence.
Is the following statement true or false?
‘The purchaser is not legally obligated to settle the transaction on 1 March.’
True or False?
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