Contracts
In Illinois, a real estate contract that fails to identify the property with sufficient specificity:
ACan still be enforced based on the parties' intent
BIs unenforceable for failure to satisfy the Statute of Frauds' requirement of a sufficient description of the property✓ Correct
CCan be corrected at closing by adding the legal description
DIs void only if the buyer raises the issue within 30 days
Explanation
A real estate contract must contain a sufficient description of the property to identify it with reasonable certainty to satisfy the Statute of Frauds. If the property cannot be identified from the contract, it is unenforceable. A street address may be sufficient, but a complete legal description is preferred.
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