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Question: Real Estate - Arkansas

Asked on 10/8/2009
Buyer fails to provide earnest money within three day requirement of contract.
Buyer has not come up with earnest money as stipulated in contract. Is the contract now void? This is an Arkansas home and contract.

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Answers (1):

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It depends on the terms of the contract.  More than likely it is voidable, but not void.  That means you have the option of performing the contract or not performing the contract because the other party breached first.  Let me know if I can be of any assistance.

Joshua S. Bryant,
Attorney at Law

The Bryant Firm, P.A.
609 S.W. 8th Street, Suite 600
Bentonville, AR 72712
(479)286-1129
www.thebryantfirm.com

This communication does not begin the attorney/client relationship.



  • Answered on 10/29/2009
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