Sale requirements at the time of formation of the contract

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Smith and Jones agree in writing that Smith will buy Jones' house for $100,000.00 on March 1 after a sewer inspection and home inspection are completed to Smith's satisfaction.

The parties also agree that Smith must sell his old house first. Smith sells his old house and the new house passes that sewer inspection. It does not pass the home inspection.

What are the sewer, home and sale requirements at the time of the formation of the contract?

What are the sale and sewer conditions after they are fulfilled?

Reference no: EM132244466

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