Under the TREC One to Four Family Residential Contract, Paragraph 19 addresses representations. Both buyer and seller make representations including that the contract is not subject to any other agreement. If a party makes a false representation, what is the consequence?
Correct Answer
D) The party making the false representation may be in breach of contract
If a party makes a false representation in the contract, this may constitute a breach of the contract. The non-breaching party may then exercise the default remedies provided in Paragraph 15.
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In a TREC One to Four Family Residential Contract, the parties agree that the seller will provide a residential service contract (home warranty). Under Paragraph 7G, who pays for the residential service contract?
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