Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 89. A buyer entered into a valid written contract with a seller to purchase vacant land. Unbeknownst to the seller, the buyer planned to

image text in transcribed
image text in transcribed
Question 89. A buyer entered into a valid written contract with a seller to purchase vacant land. Unbeknownst to the seller, the buyer planned to construct a gas station on the land. The contract provided that the buyer could rescind the contract if the seller failed to deliver marketable title. After a title search, the buyer discovered that a restrictive covenant prohibited using the land for commercial purposes. The buyer had not had actual knowledge of the restrictive covenant before executing the contract. The buyer refused to close on the contract, and the seller has sued for specic performance. Should the seller prevail? (A) No, because the restrictive covenant rendered the title unmarketable. (B) No, because the seller was required to deliver perfect title to the buyer. (C) Yes, because the restrictive covenant did not render the title unmarketable. (D) Yes, because the seller was unaware of the buyer's plans to construct a gas station

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Text Cases And Materials On Criminal Law

Authors: Stuart Macdonald

2nd Edition

1292219920, 978-1292219929

More Books

Students also viewed these Law questions

Question

According to the text, what makes a person successful?

Answered: 1 week ago