Return of their deposit and rescission of the contract

Assignment Help Business Economics

Reference no: EM131236582

Rescission. Farrokh and Scheherezade sharabianlou agreed to buy a building owned by Berenstein Associates for $2 million. They deposited $ 115,000 toward the purchase. Before the deal closed, an environmental assessment of the property indicated the presence of chemicals used in dry cleaning. This substantially reduced the property's value. do the Sharabianlous have a good argument for the return of their deposit and rescission of the contract? Explain. In 50 or more words.

Reference no: EM131236582

Questions Cloud

Annual rate compounded annually : What is the present value of the following series of payments $300 made at the end of every year starting in year 1 and ending in year 40 EXCEPT there will be no payment of any kind at the end of year 18? Interest is 10% annual rate compounded annual..

How much is the optimal quantity of laundry services : Cost function C(q) = 10 + 10q + q^2 where q is the quantity of laundry services provided. If the price of laundry service is 50 units, how much is the optimal quantity of laundry services to maximize profit and what is the maximum profit that Acme La..

Using marginal return on sales analysis : A tire manufacturer studying this effectiveness of television advertising on the sales of its GRIPPER-brand tires attempted to fit the data it had gathered into an equation. Which region would benefit more, if either, from additional advertising expe..

Developing economy-with trade and liberalization : Alzuria is a developing economy. With trade and liberalization, the country has now seen substantial development in the private sector.? However, government intervention in certain markets remains strong. The banking sector has a good mix of both pri..

Return of their deposit and rescission of the contract : Rescission. Farrokh and Scheherezade sharabianlou agreed to buy a building owned by Berenstein Associates for $2 million. They deposited $ 115,000 toward the purchase. Before the deal closed, an environmental assessment of the property indicated the ..

Is there a contract between the casino and blackford : Acceptance. Troy Blackford smashed a slot machine while he was gambling at Prairie Meadows Casino. he was banned from the premises. Despite the ban, he later gambled at the casino and won 9,387. When he tried to collect his winnings, the casino refus..

How current commodity prizes are impacting globla economy : Write one page powerpoint style on how current commodity prizes are impacting globla economy. Please touch on 3-4 commodities in you powerpoint.

What is present value of all your profits over next ten year : Your business is expected to generate a $40,000 profit at the end of year 1, and profit will increase by 10% per year through year 10. If you can earn 5% annual interest compounded annually, what is the present value of all your profits over the next..

What would it take to reduce the overall demand for gasoline : Americans are known for their long-term love affair with their cars. But as gasoline prices soar and concern about the environment mounts, the need to conserve gasoline has become increasingly clear. What would it take to reduce the overall demand fo..

User Account

All Pages