Final answer:
The problem with the CSS code is a missing semicolon after the background-color value. Once the semicolon is added, the code correctly styles the color, background-color, and font-family properties for the body element.
Step-by-step explanation:
The code provided has a syntax error that needs to be corrected for it to be a valid CSS rule. Specifically, there is a missing semicolon after the background-color value. CSS rules require semicolons to separate declarations within a block, and lacking one can lead to unpredictable behavior when the browser tries to interpret the styling instructions.
Here is the corrected version of the provided code:
body {
color: #000000;
background-color: #FFFFFF;
font-family: Times, Arial, Cursive;
}
With this correction, the CSS will properly apply the color, background-color, and font-family styles to the body element of the document.