Chapter 2.7.
Gift

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Edward, a property seller, is in bankruptcy, but he has a binding S&P Agreement with Fiona, the buyer.
What is the status of the S&P Agreement?

Automatically terminated

Only valid with court approval

Remains enforceable despite the seller's bankruptcy

Temporarily suspended until Edward is out of bankruptcy

The answer is C

The Sale & Purchase Agreement (S&P) remains enforceable despite changes in circumstances, such as the seller's bankruptcy.

Edward, a property seller, is in bankruptcy, but he has a binding S&P Agreement with Fiona, the buyer. What is the status of the S&P Agreement?