My parents sold real estate to some friends. Their contract gives the buyrs 5 years to pay off the $47,000 owed. There is not an heirs claus...

Question

My parents sold real estate to some friends. Their contract gives the buyrs 5 years to pay off the $47,000 owed. There is not an heirs clause in the contract. If they both die will the buyers have to honor the pay off of $47,00 to thei heirs?

Answer

Yes.