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?
To determine the answers to these legal questions, it would be best to consult an attorney who specializes in contracts and property law in the relevant jurisdiction, as laws can vary.
For the first question, the ability of the Krauses to avoid the contract would depend on the circumstances and the specific laws governing the contract in Idaho. In general, if both parties freely entered into the contract with a meeting of the minds, it may be difficult for the Krauses to avoid the contract merely because they could have sold the property for a higher price. However, if there was any fraud, misrepresentation, or duress involved in the negotiations or execution of the contract, it might affect the enforceability of the contract.
Regarding the second question, if Jud accidentally typed a higher price into the contract, it could potentially be a typographical error. In such cases, courts may look at factors like the intent of the parties, any evidence of the error, and whether or not the typo could have been easily noticed and corrected before signing. It would also depend on the specific laws and case precedents in Idaho. Attorneys who specialize in contract law can provide guidance on how such situations are typically treated under the law.
It is important to remember that the information provided here is only general guidance and should not be considered legal advice. Consulting with a qualified attorney is always recommended for specific legal situations.