All-mart discount stores corporation

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Reference no: EM13888339

All-Mart Discount Stores Corporation, contracts to buy ten acres from Suburban Enterprises, Inc., as a site for a new store. The contract calls for a "warranty deed" without specifying the covenants to be included in the deed, or any particular guaranties. The title examination uncovers a zoning law that would affect All-Mart's proposed use of the land. According to a survey that All-mart commissions, one corner of an adjacent, enclosed parking lot is on part of the property that Suburban is attempting to convey. Can All-Mart avoid the contract? If so, on what basis? If not, why not?

Reference no: EM13888339

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