Under New York law, all of the following would make a real estate purchase contract voidable EXCEPT:
Correct Answer
D) The property description contains a minor clerical error in the street address
A minor clerical error in the street address, if the property can still be clearly identified through other means (lot number, legal description), typically does not make a contract voidable. Such errors can usually be corrected through mutual agreement or court reformation.
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Previous Question
A buyer in New York wants to include a home inspection contingency in their purchase offer. The inspection reveals minor cosmetic issues but no major defects. The buyer decides they no longer want the property and attempts to cancel based on the inspection contingency. Which statement is correct?
Next Question
A New York purchase contract specifies a closing date of June 15th. On June 10th, the seller's attorney notifies the buyer that the seller needs an additional 10 days to resolve a title issue. The buyer's attorney agrees verbally but requests written confirmation. What is the legal status of this modification?