09/12/2007
A property conveyance gives rise to a series of rights and obligations for both parties.
For a number of the rights of one of the contracting parties, there are corresponding and equal obligations of the other party, so that the vendor and the purchaser find themselves involved in an interactive web of expectations to be met and duties to be performed.
While some of these rights/obligations, such as the payment/receipt of the purchase price and the delivery/receipt of the property, are