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 agreement described the dimensions of the lot using the words "more or less," the vendor would not be required to make an abatement of the purchase price if the difference was minor.

Question

Quizplus · Accepted Answer

The use of the phrase "more or less" in a real estate contract typically provides a buffer for minor inaccuracies in the stated dimensions of the property, indicating that the parties acknowledge and accept slight variances from the specified measurements. Therefore, if the difference in the width of the lot is minor, the vendor would not be required to adjust the purchase price.

Bradford Entered into a Purchase and Sale Agreement with Frank