Contracts
A South Dakota purchase agreement for a commercial property fails to include a legal description of the property. This contract is most likely:
AEnforceable because both parties know what property is being sold
BUnenforceable for lack of an adequate description of the subject matter✓ Correct
CEnforceable if the street address is included
DValid only if signed by both parties in front of a notary
Explanation
An adequate legal description is an essential element of a real estate contract. A description insufficient to identify the property with certainty can render the contract unenforceable.
Related South Dakota Contracts Questions
- In South Dakota, an 'amendment' to an executed real estate contract requires:
- In South Dakota, a contract that is 'unenforceable' differs from a 'void' contract in that:
- In South Dakota, an 'earnest money promissory note' (instead of cash) is:
- In South Dakota, a 'force majeure' clause in a real estate contract addresses:
- In a South Dakota real estate transaction, 'time is of the essence' language in the contract means:
- In South Dakota, a real estate purchase contract with an 'inspection contingency' generally gives the buyer the right to:
- In South Dakota, the 'integration clause' (merger clause) in a real estate contract:
- A South Dakota home sale contract includes a personal property addendum. The addendum:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →