Problem

X promised to buy Y’s house and lot for $25,000 and made a deposit of $1,000 to bind the b...

X promised to buy Y’s house and lot for $25,000 and made a deposit of $1,000 to bind the bargain. She was to receive transfer of title on August 10. On August 6 the house burned down. What happens to the contract? What happens to the $1,000 deposit?

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Solutions For Problems in Chapter 6