[Solved] A and B entered into a contract of sale over A’s house but did not reflect the actual purchase price. What is the nature of the contract?

Q.	A and B entered into a contract of sale over A’s house but did not reflect the actual purchase price. What is the nature of the contract?
A.	Valid and relatively simulated contract but can be reformed.
B.	Void as there is total lack of consideration.
C.	Voidable due to lack of consideration.
D.	Unenforceable.
Answer» A. Valid and relatively simulated contract but can be reformed.

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