Bradford entered into a purchase and sale agreement with Frank, the vendor, to purchase a building lot for $45,000. Bradford arranged for a survey of the property, and the completed survey revealed that the width of the lot was narrower than the width stipulated in the purchase agreement. If the discrepancy between the survey dimensions and the land described in the agreement is substantial, the purchaser may avoid the transaction.

Question

Quizplus · Accepted Answer

If the discrepancy between the survey dimensions and the land described in the agreement is substantial, it may constitute a material misrepresentation of the property being sold. This could allow the purchaser to void the contract due to the failure of the property to meet the agreed-upon specifications.

Bradford Entered into a Purchase and Sale Agreement with Frank