Klaus of the silos stability during contract negotiations

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Reference no: EM133812813

Question

Klauss purchased a farmhouse, barns and silo, along with 152 acres from Font. Many terms of the purchase agreement, including price, repairs, and the inclusion of certain personal property were vigorously negotiated by the parties prior to the signing of a contract. Thereafter, Klauss discovered that the silo was resting on ground which was not sufficiently stable for its long term support and stability. If Klaus files suit alleging that Font failed to disclose this problem

1. the parol evidence rule will preclude evidence that Font, aware of the problem, assured Klaus of the silo's stability during contract negotiations.

2. the Statute of Frauds will preclude such action because the contract involves real estate.

3. Font could raise the statute of limitations as a defense if too much time has passed since Klauss discovered the condition.

4. any alleged misrepresentations will be considered extinguished by the merger doctrine.

Reference no: EM133812813

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