In the case of Bastarache v. Edgerton, a tri-level Connecticut Superior Court ruled on a pre-trail motion that the failure to attach a dual agency consent form to the written agreement for the purchase of a property did not invalidate the agreement under contract law. It was also ruled that the absence of the form did not violate the state’s real estate licensing laws or violate public policy. The court noted that in order to form a binding contract in Connecticut, it is essential that there is mutual understanding of the terms between the parties involved. The court concluded that the substance of the contract contained the minimal essential terms needed to be valid, regardless of the absence of the dual agency consent form. These essential terms included the identification of the parties, property, purchase price, and closing date.
Copyright: ARELLO registered. Condensed from ARELLO’S Boundaries magazine (2015 June)
Full article: Arello Boundaries Excerpt Conneticut June 2015