× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
6
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
Home Q & A Board Humanities Legal Studies
New Topic  
RedGiant RedGiant
wrote...
Go to Answer
Posts: 628
Rep: 0 0
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?
Read 54 times
2 Replies
Replies
Answer verified by a subject expert
naaaa27naaaa27
wrote...
#1
Top Poster
Posts: 710
Rep: 5 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 120 words.
1

Related Topics

RedGiant Author
wrote...
#2
6 years ago
I hope they're paying you for this lol
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  693 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 234
  
 284
  
 63
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Which is the best fuel for late night cramming?