2005 Arizona Revised Statutes - Revised Statutes §33-437  Defective conveyance as contract to convey

When an instrument in writing, intended as a conveyance of real property or some interest therein, fails wholly or in part to take effect as a conveyance by virtue of the provisions of this chapter, it is valid nevertheless and effectual as a contract upon which a conveyance may be enforced, as far as rules of law permit.

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