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Unformatted text preview: community, and imposes upon the buyer a duty to make a good faith effort to do so. Second, is that the report has to satisfy the buyers. The reasonable person standard could apply here, which makes the statement a question of fact, not a question of law. The two do not make the consideration an illusionary consideration. Holding: A condition that the agreement may be canceled by a specific contingency is not an illusionary consideration. Synthesis: Mattei v. Hopper (1958) A purchaser of a shopping center buildings included on his terms subject to obtaining leases satisfactory to the purchaser. It did not make it illusionary because the purchaser still has a duty to make it in good faith, and that doesnt make it illusionary. Dissent/Concurrences:...
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- Fall '11