On June 1, Sasha agreed to sell a car to Elaine for $10 000.Under the terms of that agreement, she was required to pay the price to him on June 10 and he was required to transfer ownership in the car to her on the same day.Once Sasha and Elaine do so, their contractual relationship will be terminated for all purposes.

Question

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The contractual relationship between Sasha and Elaine would be considered terminated for the purpose of the exchange of the car and payment. However, obligations that arise as a result of the contract, such as warranties or post-sale liabilities, could still exist beyond the transfer of ownership and payment, meaning the relationship for "all purposes" might not be fully terminated.

On June 1, Sasha Agreed to Sell a Car to Elaine