Legal Question in Real Estate Law in Utah
binding contract for real property
If the seller submitted a sales price to us in writing, but not in a formal contract, do they have the right to change that sales price with out cause?
Asked on 7/13/07, 4:18 pm
1 Answer from Attorneys
Re: binding contract for real property
Your information is incomplete to give you a definitive answer. However, if there is no contract in effect either party can change any term at any time and at best a change in terms constitutes a new offer. After a contract is in effect no term can be changed without agreement by the other party.
Answered on 7/13/07, 4:22 pm
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