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Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses. If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid the contract on later learning that they might have sold it for a higher price? If Jud offered the Krauses one price and inadvertently typed a different, higher
price into the contract, can Jud be held to the typewritten amount?
The contract is legally binding once signed it cannot be terminated to be sold at a higher price. [ If Jud signs the contract with a typo then he is bound by the contract, all contracts should be read in full and if required legal advice sought before signing. ]
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Asked 4/28/2012 5:22:02 PM
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