Mayra offers to sell her home to Hanna for about $100000 plus closing costs. Hanna accepts Mayra's
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Question:
Mayra offers to sell her home to Hanna for "about $100000 plus closing costs." Hanna accepts Mayra's offer but later, a dispute arises concerning the precise dollar amount of the purchase price. How will a court resolve this dispute?
a) The court will determine a reasonable price to be paid by Hanna.
b) The court will determine that Hanna pays only the figures mentioned in the contract.
c) The court will appoint a licensed real estate appraiser to determine the price to be paid by Hanna.
d) The court will require Hanna to pay the average of her price and Mayra's price.
e) The court will declare the purchase price and terms too indefinite to create a binding contract
Related Book For
Business Law Principles and Practices
ISBN: 978-1133586562
9th edition
Authors: Arnold J. Goldman, William D. Sigismond
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