In an episode of The Simpsons, Marge Simpson takes a job as a real estate agent and her first sale is a big, reasonably priced home to the Flanders family. But she forgot to disclose one small detail...
In real estate transactions it's well-understood that for a purchase and sale contract to be legitimate, it must, at the very least, outline the identity of involved parties, describe the property in question, and set forth the purchase price.
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