Buyer Jim agreed to a 20-day window to get a survey done. A number of problems have occurred and after 20 days from the signed contract date, buyer Jim has yet to have a survey completed. What is now the status of the sales contract?a. A hold will be put on the contract, until a survey is completed.b. Jim has defaulted on his contract.c. The seller must now order a property survey.d. A new contract must now be written for the sale to proceed.
