Emma is a solicitor at Foster & Co in Manchester acting for a buyer purchasing a residential property. The contract was exchanged with a completion date of 31st May. The seller has failed to complete by that date and is now three days late. Emma's client is frustrated and wants to know if they can immediately terminate the contract and treat it as at an end. Emma explains that the general rule is that time is not "of the essence" in property contracts unless specifically stated.
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