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Mr. Buyer, the plaintiff in the action, is attempting to enforce a contract in which the defendant, Mr. Seller agreed to sell to Buyer his property, Blackacre, for $100,000. Which of the following, by itself, would be sufficient to allow Mr. Seller to get out of the contract?
Semi-annually
Occurring twice a year or every six months.
Compounded
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, leading to an increase in interest earnings over time.
Quarterly
Pertaining to a period of three months or occurring every three months.
Retires
Withdraws from active working life, often due to reaching a certain age or completing a specific length of service.
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