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Andy purchased a one-acre tract of land with an ocean view from Bob for $1,000,000. One hour before escrow closes on the deal, Charlie, who
Andy purchased a one-acre tract of land with an ocean view from Bob for $1,000,000. One hour before escrow closes on the deal, Charlie, who knows of the pending sale to Andy, offers Bob $2,000,000 for the one-acre tract of land and Bob accepts. One hour later when escrow closes, Bob informs Andy that the sale cannot go forward because the property has been sold to Charlie.
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