A Texas license holder uses the correct TREC promulgated form but accidentally leaves Paragraph 7 (Property Condition) completely blank without selecting any options. Both parties sign the contract. What is the status of the contract?
Correct Answer
A) The contract is enforceable, but the incomplete paragraph may create ambiguity requiring resolution
A contract with an incomplete paragraph is not automatically void. However, the missing information creates ambiguity about the parties' agreement on property condition, which may need to be resolved through negotiation, amendment, or legal proceedings.
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Previous Question
A foreign investor wants to purchase a single-family home in Texas. The investor's attorney in another country has prepared a purchase contract under the laws of that country. A Texas license holder representing the seller receives this contract. What should the license holder advise?
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