Social Studies, 06.05.2020 08:41 jorgereyes01

Two sisters own a lodge as tenants in common. They decide to sell the lodge to a buyer. The parties validly executed a contract for sale, and then agreed that closing will occur the following Monday. However, the buyer asks that the closing be moved to Tuesday, citing a last-minute business trip on Monday. On Monday evening, lightning strikes the lodge and destroys it. The buyer seeks to rescind the contract for sale. The jurisdiction has not adopted the Uniform Vendor and Purchaser Risk Act. May the buyer rescind the contract for the sale of the lodge? A. No, because the buyer bears the risk of loss. B. No, because the buyer chose to switch the closing from Monday to Tuesday. C. Yes, because the lightning strike was an act of God. D. Yes, because the two sisters can equitably split the loss between them.

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Two sisters own a lodge as tenants in common. They decide to sell the lodge to a buyer. The parties...

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