Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Humanities Legal Studies
New Topic  
Ashorn Ashorn
wrote...
Go to Answer
Posts: 1043
Rep: 0 0
6 years ago
Philip agrees to sell his 1972 Corvette to Phyllis for $25 000. Phyllis agrees to make a down payment of $12 500 immediately and to pay the remaining $12 500 within 30 days. After making the down payment, Phyllis encounters serious financial difficulties and is unable to come up with the balance of the contract price. She advises Philip that she will be unable to close the deal and asks for her down payment back. Philip refuses, claiming that the monies previously paid are to be forfeited if she does not perform her remaining obligations under the contract. What are Phyllis’s chances of success in a lawsuit to recover the $12 500?
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
Read 78 times
2 Replies
Replies
Answer verified by a subject expert
MiY4GiMiY4Gi
wrote...
#1
Top Poster
Posts: 676
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 110 words.
1

Related Topics

Ashorn Author
wrote...
#2
6 years ago
Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  910 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1641
  
 263
  
 259
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 249
Previous poll results: Who will win the 2024 president election?