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Zanele and Pieter enter into a contract of sale for a vehicle registered in Piet...

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Zanele and Pieter enter into a contract of sale for a vehicle registered in Pieter’s name. The agreement states that Zanele must pay a deposit of R30 000 within three days of Pieter’s acceptance of the offer. The deposit must be paid into Pieter’s bank account, and Pieter is responsible for providing Zanele with his banking details. Five days after accepting the offer, Pieter has still not provided the required information. Which ONE of the following statements is CORRECT?
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