15. Contract Subject to Flood Inspection

This Contract is conditional upon the Buyer satisfying itself within [1] day(s) from the date of this Contract that the land has never been adversely affected by flood waters failing which the Buyer may by written notice to the Seller by 5.00 pm on the due date terminate this Contract in which event all monies paid by way of deposit or otherwise be refunded to the Buyer in full.

The Buyer shall immediately take all such steps and make all such reasonable enquiries as may be necessary to satisfy itself as aforesaid. If the Buyer does not terminate the Contract by 5.00 pm on the due date then this condition shall be deemed to be satisfied.

LEGEND:

[1] number of days