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Amanda Artist, a renowned painter, enters into an agreement with the Smiths to purchase their studio space, Art Haven, for $1,500,000. The contract specifies the
Amanda Artist, a renowned painter, enters into an agreement with the Smiths to purchase their studio space, "Art Haven," for $1,500,000. The contract specifies the studio's size as 10,000 square feet, which Amanda finds perfect for her creative endeavors as the studio has a great view that stimulates her creativity. However, upon conducting her due diligence, Amanda discovers through a recent survey that the actual size of the studio is only 8,500 square feet. Due to her busy schedule with upcoming exhibitions, Amanda decides to assign her close friend, David Designer, to handle the purchase on her behalf. Furthermore, before finalizing the agreement, the Smiths mention that a portion of Art Haven is leased to a local art collective, generating additional income for Amanda. Excited about this opportunity, Amanda proceeds to execute the sale agreement. However, she later learns that the lease is set to expire at the end of the month, a fact the Smiths failed to disclose prior to the sale agreement being executed. Given these circumstances, Amanda is hesitant to proceed with the purchase and is considering withdrawing from the agreement. She had paid a 10% deposit to the Smiths' attorney, Lisa Legal, who now informs her that the deposit cannot be returned as it was misappropriated by her former assistant has disappeared There are four legal issues Formulate and advise to Amanda
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