Can mary cancel the contract and recover the amount paid

Assignment Help Business Management
Reference no: EM131377818

Rebecca entered into a written contract to sell certain real estate to Mary, a minor, for $80,000, payable $4,000 on the execution of the contract and $800 on the first day of each month thereafter until paid. Mary paid the $4,000 down payment and eight monthly installments before attaining her majority.

Thereafter, Mary made two additional monthly payments and caused the contract to be recorded in the county where the real estate was located. Mary was then advised by her lawyer that the contract was voidable.

After being so advised, Mary immediately tendered the contract to Rebecca, together with a deed reconveying all of Mary's interest in the property to Rebecca. Also, Mary demanded that Rebecca return the money paid under the contract. Rebecca refused the tender and declined to repay any portion of the money paid to her by Mary. Can Mary cancel the contract and recover the amount paid to Rebecca? Explain.

Reference no: EM131377818

Questions Cloud

Calculate the pitch of the spring at the free length : A compression spring has squared ends and is made of carbon steel wire. The mean coil diameter is .812 in., and the wire diameter, d = 0.088 in. The coil outer diameter is 0.90 in. The spring has a free length of 10.312 in., and 29 total coils.
Discuss about the database modeling and normalization : Imagine that you work for a consulting firm that offers information technology and database services. Part of its core services is to optimize and offer streamline solutions for efficiency. In this scenario, your firm has been awarded a contract t..
What is the strongest argument against reviving compression : What is the strongest argument in FAVOR OF reviving the compression chiller line? What is the strongest argument AGAINST reviving the compression chiller line?
Who will prevail and why : When the company refused to do so, Jones brought an action to recover the $1,425, and the company set up a counterclaim of $1,500 for expenses it incurred in repairing the car. Who will prevail? Why?
Can mary cancel the contract and recover the amount paid : Also, Mary demanded that Rebecca return the money paid under the contract. Rebecca refused the tender and declined to repay any portion of the money paid to her by Mary. Can Mary cancel the contract and recover the amount paid to Rebecca? Explai
Which coil deflects to zero pitch first : A force is applied to compress the spring, and the stresses always remain in the elastic range.
Why didnt you bring this up in todays meeting : Imagine that you are an agile coach. Outline a plan that sets the expectations for your team when beginning a project. Provide a rationale for your response.Read the mini-case titled, "Agile Team Leadership". Suggest the key actions that you would..
On what theory if any can anita recover from marvin : Later in the day, Marvin changed his mind, took the automobile without Anita's knowledge, and sold it to Chris. Anita had not returned the purchase price when Marvin took the car. On what theory, if any, can Anita recover from Marvin? Explain.
Who will prevail in given condition and why : Ira now seeks to void the contract. Shirley insists that Ira is fully competent and has no right to avoid the contract. Who will prevail? Why?

Reviews

Write a Review

Business Management Questions & Answers

  Calculate the total inventory cost

Allsap Apple Company buys apples from local orchards and presses them to produce apple juice. The pulp that remains after pressing is sold to farmers as livestock food. Calculate the total inventory cost.

  Observed market yield on a four-year note

How could you explain the fact that the observed market yield on a four-year note is 3.5% instead of the yield that you found above?

  Describe a motivational policy-action

Thinking of either a school or job example, describe a motivational policy/action that was used with students/workers. What theory seems to best explain the policy/action?  Explain how the policy/action is effective in motivating students/employee..

  Define benefits computerized physician order entry system

Suggest a significant advantage to integrating a computerized physician order entry system (COPE) and a clinical decision support system (CDSS), as part of an organization's EHR. Provide support for your rationale.

  Identify a person in your network who has recent managerial

Identify a person in your network who has recent managerial or supervisory role; that is, the person should have some sort of authority over at least one other person (preferably more) as part of their job in an organisation

  Select a commercial aviation accident

Develop a case analysis on this topic: Select a commercial aviation accident that was concluded to have resulted from pilot error. Determine the primary and any secondary human factors contributions to the accident.

  Type of telecommunication service

Describe what type of telecommunication service will be needed, and list any particular details about the service. Provide a network LAN drawing between the main hospital and outpatient clinic. (The outpatient clinic is a separate building from th..

  How the great fire of london can be viewed

Question: Introduction to Humanities - Explain how the Great Fire of London can be viewed as both a curse and a blessing.

  Illustrate what is washington-pacific expected rate

Washington-Pacific invests $2 million to clear a tract of land and to set out some young pine trees. Illustrate what is Washington-Pacific's expected rate of return?

  Evaluate the significance of your chosen medium

Evaluate the significance of your chosen medium. Describe how the significance of your medium has changed over time, as well. Has it become more or less significant? What other factors have influenced its significance?

  Explain from the e-activity

Explain From the e-Activity select the top three European work/life balance practices that U.S. employees would prefer.

  Element must be expanded upon to include more detail

Each SWOT element must be expanded upon to include more detail/rationale as to why it is listed in the category that it is

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