The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 12, Problem 1CT
Summary Introduction
Case s ummary :The person L many a time approached the person Z to buy his property. One day while consuming whiskey, the person Z finalized the deal of the farms at a price of
To Find :The effect on the judgment of the court when the person L decides not to buy the farm, and the person Z has persisted.
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. Spouses Robert and Yollie wanted to sell their house. They found a prospective buyer, Nina, Yollie negotiated with Nina for the sale of the property, They agreed on a fair price of million. Nina sent Yollie a letter confirming her intention to buy the property. Later,another couple, Marius and Ellen, offered a similar house at a lower price of 1.million. But Nina insisted on buying the house of Robert and Yollie for sentimental reasons. Nina prepared a deed of sale to be signed by the couple and a managers check for million. After receiving the million. Robert signed the deed of sale. However, Yollie was not able to sign it because she was saying she changed her mind. Yollie filled suit for nullification of the deed of sale and for moral and exemplary damages against Nina Does Nina have any cause of action against Robert and Yollie?
May a moral obligation constitute a sufficient cause to support an onerous contract?
Betty has agreed to sell her boat to Angela for $9,750. However, when Angela goes to Betty's house
to pay for and receive the boat, Betty declares that she (Betty) no longer wants to sell the boat.
What is Angela's best remedy?
Get an injunction against Betty freezing Betty's assets until Betty sells the boat to Angela.
Buy another used boat and sue for the difference in damages, but Angela does not have to worry about "the
best price" since Betty was the party that breached the contract.
O Buy a comparable used boat for the best price (that is, the lowest price) Angela can reasonably find and sue
Betty for the difference as damages.
O Compel Betty to find another boat in the same condition.
O Buy a new boat and sue Betty for the difference in damages.
Chapter 12 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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