Bradford Entered into a Purchase and Sale Agreement with Frank

question 28

True/False

Bradford entered into a purchase and sale agreement with Frank, the vendor, to purchase a building lot for $45,000. Bradford arranged for a survey of the property, and the completed survey revealed that the width of the lot was narrower than the width stipulated in the purchase agreement. If the agreement described the dimensions of the lot using the words "more or less," the vendor would not be required to make an abatement of the purchase price if the difference was minor.

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Definitions:

Role Plays

Simulated exercises where participants act out specific roles in a scripted scenario, often for training or educational purposes.

Appear Moral

The act or intention of presenting oneself or one's actions in an ethical or morally favorable light.

Act Morally

To behave in ways that are considered right or ethical according to societal or personal standards.

Costs

The expenses, losses, or other negative outcomes that are incurred as a result of actions or decisions.