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Promulgated Contract FormsOne_to_four_family_contractMEDIUM

In a TREC One to Four Family Residential Contract, the buyer has agreed to a 10-day option period ending on March 20. On March 19, the buyer's inspector finds major plumbing issues. The buyer sends a termination notice by email at 11:30 PM on March 20. Is the termination valid?

Correct Answer

D) Yes, but only if the email was sent to the correct address specified in the contract

Under the TREC contract, notices must be delivered using the methods and to the addresses specified in the contract (Paragraph 21). If email is an accepted method and the correct email address is used, the termination is valid as long as it is delivered within the option period.

Answer Options
A
Yes, because the notice was sent before midnight on the last day of the option period
B
No, because termination notices must be delivered during normal business hours
C
No, because the buyer must use certified mail for termination notices
D
Yes, but only if the email was sent to the correct address specified in the contract

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Related Topics & Key Terms

Key Terms:

one_to_four_familyoption_periodtermination_noticeparagraph_21
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