Reference no: EM1326298
Alice owns property in a rural part of town. A developer approaches her about buying the property for use as a shopping center. The developer wants to be sure that he can get the property rezoned for commercial use before he buys it. Alice offers to sell the property for $150,000. She agrees in writing to keep her offer open for one year beginning May 1. Three months later, however, another buyer offers Alice $175,000 for the same property. Alice agrees to sell to the second buyer.
a) When the developer learns what Alice has done, he sues her for breach of contract. What result? Explain fully.
b) How would your answer differ, if at all, had the developer paid Alice $5,000 at the time she agreed to hold the offer open? Why?
c) Assume, as in (b), that the developer did pay Alice the $5,000. How would your answer differ, if at all, had Alice's promise to hold the offer open been oral instead of written? Why?
d) How important is it that Alice notify the developer that she is withdrawing her offer before she agrees to seller to the other buyer? Explain fully.
|
State diagram to the design process
: Whodunit would like your company to design a system to help them categorize, sort, store, and otherwise manipulate the thousands of artifacts they collect using your well-known expertise in object-oriented analysis and plan . Additional informatio..
|
|
Explain web site comparison
: Explain Web Site Comparison and Include an evaluation of the ease of navigation of each Web site
|
|
Illustrate what would happen if the government exempted
: Explain how would either decision change if the government imposed a 20 percent tax on earnings and interest income. Illustrate what would happen if the government exempted interest income.
|
|
Madam cj walker-s contribution to community
: Explain how Madam C.J. Walker made a contribution to their community or society and how this contribution embodies servant leadership.
|
|
Explaining the option contract scenario
: When the developer learns what Alice has done, he sues her for breach of contract. What result? Explain fully. How would your answer differ, if at all, had the developer paid Alice $5,000 at the time she agreed to hold the offer open? Why?
|
|
What is difference between client and a server
: What are the differences between client and a server. What is function of each layer in a three-layer application?
|
|
Explain amazon- evolution paper
: Explain Amazon- Evolution Paper and Can you help me get started with this assignment
|
|
Find out the model number of the item
: Find out the maker(s) of the PC(s) with the fastest processor among all those PCs that have the smallest amount of RAM.
|
|
Laws or rules or regulations
: Should the federal government have special rules, or should federal property be subject to the same laws/rules/regulations as private property?
|