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 14, Problem 9Q
Summary Introduction
To discuss: The result if person D decides that he wishes to avoid the contract.
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Students have asked these similar questions
Define the term "unconscionable" and describe the effect of an unconscionable contract.
Facts: On February 1, 2004, Buyer entered into a contract to buy Seller’s house in Las Vegas for $532,500 with a March closing date. On February 3, 2004 Seller notified Buyer that he was terminating the contract (without any legal basis for taking such action). The Seller then told Buyer that he would sell him the house for a higher price. On February 3, 2004, Buyer and Seller entered into a new contract for a price of $578,000. On February 16, 2004, the Seller refused to perform under the contract. The Buyer sued seeking to enforce the contract.
Question: Under the common law of contracts, is the modification to the original contract enforceable?
Deliverable: Write a clear, grammatically correct answer being sure to address the following points in your answer:
Provide a clear statement of the governing legal principle (also called a ‘black letter law’). The ‘governing legal principle’ in any case is the legal principle that is the key to completing the legal analysis of the problem…
Karen's elderly Uncle Joe gave her written authority to sell the family house. Uncle
Joe lived in Maine and Karen lived in Minnesota. After about two months Karen
found a buyer for the house and signed an acceptance of the offer on July 21.
Later that same day she learned that Uncle Joe had died the day before (July 20).
Other members of the family did not want the family house sold and claimed that t
acceptance Karen signed was void because Uncle Joe had died prior to acceptance.
The buyer of the house claims Karen had the legal authority to sell the house and
that the contract is binding.
Who is right? Please explain.
Chapter 14 Solutions
Smith and Roberson’s Business Law
Ch. 14 - Prob. 1COCh. 14 - Prob. 2COCh. 14 - Prob. 3COCh. 14 - Prob. 4COCh. 14 - Prob. 5COCh. 14 - Prob. 1QCh. 14 - Prob. 2QCh. 14 - Prob. 3QCh. 14 - Prob. 4QCh. 14 - Prob. 5Q
Ch. 14 - Prob. 6QCh. 14 - Prob. 7QCh. 14 - Prob. 8QCh. 14 - Prob. 9QCh. 14 - Prob. 10CPCh. 14 - Prob. 11CPCh. 14 - Prob. 12CPCh. 14 - Prob. 13CPCh. 14 - Prob. 14CPCh. 14 - Prob. 15CPCh. 14 - Prob. 16CPCh. 14 - Prob. 17CPCh. 14 - Prob. 18CPCh. 14 - Prob. 19CPCh. 14 - Prob. 20CPCh. 14 - Prob. 21CPCh. 14 - Prob. 22CPCh. 14 - Prob. 1TSCh. 14 - Prob. 2TSCh. 14 - Prob. 3TS
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