Please answer questions 1 and 2 at the end of Chapter 6 on page 137 and question


Please answer questions 1 and 2 at the end of Chapter 6 on page 137 and question 1 at the end of Chapter 7 on page 176 on or before Saturday of week 5. 1. Seller and purchaser enter into a contract for the sale and purchase of real property for a price of $175,000. The property has a value of $190,000. The purchaser fails to perform. What is the amount of money damages to be awarded to the seller? What is the amount of money dam-ages owed to the purchaser if the seller fails to perform?
2. You are a paralegal with a law firm. One of the firm’s clients, a corporation, has entered into a contract to purchase property from Dwight Sneed. The client, after entering into the contract, has discovered that Dwight Sneed is 16 years old. The client is worried that Dwight Sneed’s promises under the contract are unenforceable, and to avoid problems, the client wants to get out of the con-tract. Is the contract enforceable by Dwight Sneed against the corporate client? Why or why not?
1. The following is a list of contract provisions. Do these provisions favor the seller or the purchaser? a. Seller is to convey insurable title to the real property at closing.
b. Seller is to convey title to the real property subject to utility easements and other restric-tions of record.
c. Seller shall not alter or encumber the title to the real property after the date of the contract without the prior written consent of purchaser.
d. The real estate contract is freely assignable. e. The contract is silent as to risk of loss between date of contract and date of closing
Book-
Practical Real Estate Law
Daniel F. Hinkel


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