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Business, 05.05.2020 08:00 shawnnoteman1234

"Buyer 1 enters into a contract with a seller with an option to terminate 14 days after the effective date. The effective date is January 5. The seller accepts a backup offer with the Addendum for Back-Up Contract attached from buyer 2 with an effective date of January 6, and with the date in paragraph B of the addendum filled in as January 15. Buyer 1 terminates the first contract on the last day of the option period and the seller gives notice to buyer 2 on the same day. What is the status of the second contract with buyer 2?"

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