Question

A seller entered into a written contract to sell a tract of land to a buyer. The buyer was to pay $1,500 per month for five years, at which time the seller would deliver a warranty deed. The contract was silent as to the quality of title to be conveyed. After making 12 payments, the buyer discovered that a neighbor had an easement of way over the land, which was not discussed at the time the seller and buyer entered into the contract. The neighbor had not used the easement over the previous year because she had been out of the country. On the basis of the easement, the buyer wishes to cancel the contract. Which party is more likely to prevail?

Answer 1

Answer:

Option B

The party which is more likely to prevail is the seller, because the buyer has no basis on which to rescind the contract.

Explanation:

A contract is a lawful agreement in which there is two person which is enforceable by law. In this contract there is agreement, consent, lawful consideration, rules and regulations have existed

Now according to the real estate contract there is a contract of

a. Money from the client

b. Title for real estate

So as per the situation give, the option is correct as the buyer has no reason for cancel the contract