Which of the following is considered a contractual error?

A contractual error refers to a mistake or omission in a contract that can potentially affect its enforceability or the obligations of the parties involved. The choice regarding allowing pre-closing property possession with a written agreement in place does not constitute a contractual error. In fact, as long as there is a written agreement that specifies the terms of possession prior to closing, this arrangement is legally acceptable and does not reflect a mistake in the contract.

On the other hand, failing to describe earnest money requirements can lead to misunderstandings regarding the transaction's financial terms, potentially causing disputes. Similarly, failing to disclose additional fees may result in parties being unaware of the total financial obligations involved in the agreement, which can also create significant issues later on. Missing signatures or initials is crucial, as it means that one party may not have formally agreed to the terms of the contract, rendering it unenforceable. Thus, these missteps can detrimentally affect the contractual relationship, highlighting why they are regarded as errors in a contract.