5 Questions
In what situation can a purchaser not be put in the same position as if a representation had been true according to the text?
When an element of attractiveness or security was misrepresented by the seller
What is cautioned against when deriving general propositions in the law of contract from decisions in suits for specific performance of land contracts?
Formulating general propositions based on specific case outcomes
What makes it dangerous to generalize propositions in the law of contract from land contract decisions?
Risk of overlooking misrepresentation or ambiguous offers
What is uncertain about always relying literally on the present enactment?
The accuracy of the facts underpinning decisions
When selling land, what risk does a seller take when holding out an element of attractiveness or security in the property that can be realized by an act on adjoining property?
Risk of misleading purchasers
Explore the principles and limitations outlined in the Contract Act which dictate mutual rights and obligations between parties. Learn how parties can agree on terms and have them enforced by law, including trade practices and customs.
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