ContractsContract_essentialsMEDIUM
A contract requires the property description, purchase price, and closing date to be sufficiently definite. If the property address is wrong and the intended property cannot be identified, what element is lacking?
Correct Answer
A) Adequate property description and mutual assent
An enforceable real estate contract must identify the property with sufficient certainty. An incorrect address that prevents identification undermines both the description requirement and mutual assent.
Answer Options
A
Adequate property description and mutual assentB
Legal capacityC
Legality of objectD
Statute of Frauds complianceWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
contract_essentialscontractsproperty_descriptionmutual_assent
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