Agreement and terms of the contract


Problem:

A man recently hired a realtor to sell his home. The realtor brought a couple to the house and they decided to buy it. The standard sales contract was signed by all parties involved. The contract included a clause that said the seller would provide $500 for any repairs that may be required after an inspection.

The inspectors report mentioned a number of minor problems including a noisy disposal and a dirty chimney. Buyer calculates that the repairs probably over $500 as asked the caller the seller to put up more money. The seller argues saying he never agreed to cover any and all repairs and that any problems uncovered by the inspection were considered to be typical from home use. The seller anticipates and expects the buyer to live up to their agreement and the terms of the contract which was signed by both.

The caller asks if he is right (the seller)? Who has the legal right?

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Business Law and Ethics: Agreement and terms of the contract
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