Closing must be on or before September 7 is the closest meaning of the phrase. Hence, option B is correct.
According to a Section of the Act, a buyer is someone who purchases goods or has made a purchase agreement. A sale is a contract between two parties, and one of those parties is the buyer. Seller is defined in Section 2 of the Act, Someone who has agreed to sell something is a seller.
A buyer is a person who makes a commitment to buy something. A seller is someone who offers to sell items or actually does so.
Thus, option B is correct.
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The options are missing from the question-
A. if closing is not held on September 7. there is an automatic extension built in
B. closing must be on or before September 7
C. the date of closing may only be delayed by one day at a time
D. if either party gives notice, the date can be moved back
