A contract for a sale of land from United Properties, Inc., to Variety Investments Corporation contains an erroneous legal description. The most appropriate remedy for these parties is
A) damages.
B) reformation.
C) rescission.
D) specific performance.

Question

Quizplus · Accepted Answer

The most appropriate remedy for an erroneous legal description in a contract for the sale of land is reformation. This involves correcting the error in the legal description and is preferable over rescission, which involves canceling the contract altogether, or damages, which may not fully compensate the parties for their losses. Specific performance may also be an option if both parties agree to proceed with the sale after the legal description is corrected. However, reformation is the best initial option for correcting the error.

A Contract for a Sale of Land from United Properties