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RedGiant RedGiant
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6 years ago
On February 7, 2015, A entered into negotiations with B for the purchase of B's farm. After consulting with an attorney and having the property appraised, B agreed to sell for 750,000. A and B agreed in writing that in exchange for 1,000 then received from A, B would hold the offer open for nine months. After six months, A wrote B that he was no longer interested in buying the farm. Several days later, A received notice from B that he was negotiating with C to sell the farm for 950,000. A immediately called B, who suggested that if A would agree to pay 875,000 and conclude the deal within 10 days, then B would still be willing to sell to A. A protested that B was driving a hard bargain, but finally agreed by telegram that evening to buy the farm for 875,000 within 10 days. A purchased the farm as agreed and then sought to recover 125,000 from B or alternatively to rescind the purchase (in other words, get out of the contract). What result and why?
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naaaa27naaaa27
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RedGiant Author
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#2
6 years ago
I hope they're paying you for this lol
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