What does this information tell you about s''s claim

Reference no: EM131227462

Consider a contract for the sale of a parcel of land from seller S to buyer B at a price of $15,000. After the sale is complete, the local government announces plans to build a highway near the property, which raises its value to $100,000. S sues to have the contract invalidated on the grounds of mistake. Suppose it is learned at trial that the land would only have been worth $5,000 if the highway had not been approved. What does this information tell you about S's claim that the mistake was mutual?

Reference no: EM131227462

Questions Cloud

Should this evidence affect the court''s decision : Should this evidence affect the court's decision regarding enforcement of the original contract?

Draw his budget line endpoints : In a two year setting Rod has earnings of $8000 this year and earnings of $25,000 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line?

Mortgage information during the credit crisis : Mortgage Information during the Credit Crisis: - Explain why mortgage originators have been criticized for their behavior during the credit crisis.

How a professional in your a finance area can use an excel : Explain (25-50 words) how a professional in your a finance area can use an Excel Table to communicate information. Further explain how a professional in your planned major area can use Tables to support analysis of information.

What does this information tell you about s''s claim : Suppose it is learned at trial that the land would only have been worth $5,000 if the highway had not been approved. What does this information tell you about S's claim that the mistake was mutual?

What is risk management : What is risk management?

Assess the financial condition of a financial institution : Why do you think it is difficult for investors to assess the financial condition of a financial institution that has purchased a large amount of mortgage-backed securities?

Is the information socially valuable or purely distributive : Should the court invalidate the contract on the grounds that the buyer had a duty to disclose the information? Is the information socially valuable or purely distributive?

Calculate the opportunity cost of air and train travel : Calculate the opportunity cost of air and train travel for each person. Assuming they are all optimizers, how should each of them travel to Sydney?

User Account

All Pages