Smith and Roberson’s Business Law
Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 12, Problem 3Q

a)

Summary Introduction

To discuss: The person J bound to convey the real estate.

b)

Summary Introduction

To discuss: Whether person R rescind his promise.

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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?
G, husband of D, sold paraphernal property in her name without her (D’s) consent. Was such sale valid, void, voidable, rescissible. or unenforceable? Explain.
24. Luke offered to sell his farm to Kent at $75,000, an offer which Kent declined. Aweek later, Luke offered to sell the farm for $65,000, stating it was the final offer thatwould be valid for one month only. Two days later, Kent offered to pay $60,000 forthe farm. Luke received Kent's offer a week later and he declined it. After ten days,Kent agreed to buy the farm for $65,000, but Luke refused to sell the farm. Kentdecided to sue Luke for a breach of contract. The judge ruled in favor of Luke. Whichone of the following is the reason for the ruling in Luke's favor? U3 O3Kent acted in an incompetent manner toward the offer.A. Kent's counteroffer of $60,000 had rendered the offer for $65,000 invalidB. Kent's acceptance was past the set time period in the offer.C. Luke's original offer of $75,000 is still valid, even though rejected 25. Which of the following would be considered an offer to form a unilateral contract?U2 O2a. An auction without reserveb. A reward offerc. An auction with…
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