Contract to construct a restaurant adjacent to sally

Assignment Help Business Law and Ethics
Reference no: EM13893417

Respond to the initial discussion question no later than Wednesday. Your initial response should be a minimum of 250 words and be supported by at least one reference from the readings or outside sources.

Jerry contracted with Sally to purchase Sally's Restaurant for $50,000. Jerry did not inspect the books, but Sally told Jerry that the restaurant was profitable. After the sale was executed, Jerry examined the books and discovered that the restaurant was not profitable. He contacted Sally, threatened a suit for fraud, and she agreed to amend the sales price to $25,000. Jerry had an audit of the books performed. The audit uncovered bookkeeping errors and that the restaurant was immensely profitable and worth $200,000. Sally discovered the audit results, and sought rescission of the sale to Jerry on the grounds of mistake.

Discuss and analyze whether the suit can be rescinded on the grounds of mistake. Explain why or why not.

Assume that a popular national restaurant group had a contract to construct a restaurant adjacent to Sally's. If Sally was aware of this contract at the time of sale, explain whether she have a duty to disclose this to Jerry. Explain why or why not.

Reference no: EM13893417

Analyze the religious discrimination

Write a 700-to 1,050-word paper in which you include the following: Analyze the religious discrimination and accommodation issues presented in the video. Analyze the elements

Lanham act

The letter goes on to suggest that Simply Green Product's use of this name "constitutes a false designation of origin which is likely to confuse customers as to the source o

He court also failed to consider

The court also failed to consider how monetary responsibil- ity should be allocated among defendants-whether by pro-rata share, comparative fault, or some other method?

Two concentrates on contracts and landlord-tenant law

Prompt: Imagine yourself as a paralegal working in a law office that has been tasked with reviewing three current cases. You will review the case studies andcompose a short re

Analyze relationship between law and policy in health care

Analyze the relationship between law and policy in health care. Differentiate legislative versus institutional policies in health care. Analyze the influence of politics on he

What are the advantages of a dirty bomb

There are various means available for terrorists to perpetrate an attack. What are the advantages of a chemical attack? What are the advantages of a biological attack? What

What are the merits and risks of other tax-based reforms

What are the merits and risks of other tax-based reforms? Please assess at least one additional reform. Examples include, but are not limited to: a national sales tax, va

Where organizational management differ from administration

Where does organizational management differ from administration? How does organizational management and administration affect operational aspects of policing? Is there a bet

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd