Jon Weinstein has a contract to purchase Ralph Heap's medical office building. After the closing, Jon learned that Ralph already had another contract with Dennis Highsmith for the sale of the building. Which of the following is correct?
A) Ralph did not deliver marketable title to Jon and he can rescind the contract and seek damages.
B) It is Jon's responsibility to determine whether there are any other contracts for the sale of the building.
C) Jon's remedy is with the title company and not Ralph.
D) Jon will have to file suit against Ralph's other buyer in order to obtain damages.
Correct Answer:
Verified
Q83: Tom Clawson is buying a home from
Q84: Tom Clawson is buying a home from
Q85: On November 1, 2015, Sam made an
Q86: On November 1, 2015, Sam made an
Q87: On November 1, 2015, Sam made an
Q89: In which Phase of a property condition
Q90: April Lopez is buying a home from
Q91: Alver Developers had an oral purchase agreement
Q92: Steve Thompson has made an offer to
Q93: Alice Long had her home built by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents