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Kate, a real estate developer, signs a contract to purchase a lake front property from Logan at $ 1 0 , 5 0 0 ,
Kate, a real estate developer, signs a contract to purchase a lake front property from Logan at $ for acres more or less. If she discovers one week before closing that the lot is actually only acres, would she most likely be able to rescind the contract?
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a yes, because even though this transaction appears to be "sale in gross" the deficiency of almost would be found too excessive by most courts.
b no because this transaction appears to be "saleingross" and deficiency would not be found sufficient to rescind the contract by most courts.
c no because classifying this transaction as "saleingross" as opposed to "sale per acre" has no bearing on the result.
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