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A buyer paid monthly installments for nine years on a property purchase contract but was five months late on the most recent payment. The seller rescinded the contract and kept prior payments as rent, claiming a right to cancel in the contract. The court found that the right to rescind is not absolute and depends on the circumstances. It was a slight breach by the buyer to be five months late after nearly nine years of on-time payments. Sanctioning the rescission would unjustly enrich the seller. The contra

Author

Lien Lee

Language

EN