Ask Question
BusinessBusiness
23 October, 14:13

Farmer Brown contracts to buy two tracts of land from Farmer Sal. Both parties believe that the two tracts are adjacent, but in fact they are not. Farmer Sal is still willing to sell the land, but Farmer Brown is adversely affected by the tracts not being adjacent. Because of this misunderstanding regarding the adjacency of the tracts, their contract is

+5
Answers (2)
  1. 23 October, 14:16
    0
    Answer: unenforceable by either party.

    Explanation: The contract becomes unenforceable due to a misunderstanding or misrepresentation of information regarding the said property. What farmer brown needs is a land which both tract are adjacent, which farmer sal believes he has. This is not the case as both tract are not adjacent. Though farmer sal is still willing to sell, the original contract becomes unenforceable due to misrepresentation of information pertaining to the land.
  2. 23 October, 14:22
    0
    Voidable.

    Explanation:

    A voidable contract can be defined as a formal and legal contract established between two parties, which can be canceled if it is the option of any of the parties involved, if there are legal reasons.

    Some of the reasons that cause a contract to be canceled can be:

    Mistakes Fraud Undue duress One or more unacceptable terms A breach of contract

    Therefore, if one of the parties finds a defect in the contract and chooses not to reject it, the contract remains enforceable and valid.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Farmer Brown contracts to buy two tracts of land from Farmer Sal. Both parties believe that the two tracts are adjacent, but in fact they ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profit, may be estimated by determining future cash flows and then discounting them back to the present. a. True b. False
Answers (1)
Papa Roach Exterminators, Inc., has sales of $699,000, costs of $385,000, depreciation expense of $47,000, interest expense of $25,000, and a tax rate of 30 percent. If the firm paid out $80,000 in cash dividends.
Answers (1)
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000.
Answers (1)
Gatlin Manufacturing adds direct materials at the beginning of the production process, while conversion costs are incurred uniformly throughout the process.
Answers (1)
Yun hee lives in new york and is concerned about her daughter, who will be 1-year-old next week. her baby is not walking yet, and yun hee's family is starting to comment on this. should she be worried?
Answers (1)
New Questions in Business
If a corporation is formed, then the owners are known as
Answers (1)
Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.
Answers (1)
Why is it important to include industry terminology in a résumé?
Answers (1)
Which of the following is true concerning employer funding of nonqualified deferred compensation plans? Multiple Choice Employers are required to invest salary deferred by employees in investments specified by the employees.
Answers (1)
Laura and her husband, Daniel, filed a joint return for 2017. The Internal Revenue Service offset their sizable refund in order to pay back child support owed to Daniel's first wife, Kiesha.
Answers (1)
Home » Business » Farmer Brown contracts to buy two tracts of land from Farmer Sal. Both parties believe that the two tracts are adjacent, but in fact they are not.
Sign Up Forgot Password?