A TREC promulgated contract form contains a checkbox section where the license holder must select the applicable option. If the license holder fails to check any box in a required section, what is the likely result?
Correct Answer
D) The provision may be ambiguous and could lead to a dispute between the parties
Failing to check a required checkbox creates ambiguity in the contract terms. This could lead to disputes between the parties about the intended terms. License holders should carefully complete all blanks and checkboxes to avoid such issues.
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License holder Garcia is working as an intermediary in a transaction where she represents both the buyer and seller. The buyer wants to add a special provision limiting the seller's remedies if the buyer defaults. Garcia should:
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A Texas sales agent discovers that a TREC promulgated form was recently updated. Where can the agent obtain the most current version of the form?