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Bob and Sally are negotiating for the sale of Sally's house to Bob. A summary of Bob and Sally's negotiations, and some other events that
Bob and Sally are negotiating for the sale of Sally's house to Bob. A summary of Bob and Sally's negotiations, and some other events that took place, is provided in the table below. All communications took place in writing.
Did Sally have a valid contract to sell her house to someone, or maybe more than one person? Copy/duplicate the table below and specify the legal effect of each event. See the sample for day one.
Bob offered to buy Sally's house for $450,000. All other required terms and conditions were included in the offer. Specify the legal effect here. For example, Bob made a valid offer to buy Sally's house for $450,000. Sally receives an offer from Pete to buy DAY 2 her house for $460,000. Offer to remain open for 5 days. Is Pete required to keep the offer open for 5 days? Sally sends an email to Bob stating, DAY 3A \"Let's make it $465,000 and we have a deal.\" B | || ' 1 DAY BB ob_ sends a rep y to Sa ys emai stating, \"No Thanks\". DAY 4A Pete sends an email to Sally revoking his offer. Sally sends an email to Pete reminding DAY 48 him that his offer is open until Day 5 and accepts his offer for $460,000. Sally also received and accepted an DAY 4C offer from Mayra. To make sure she had a contract with DAY someone Sally sent an email to Bob 4D saying, "OK, I will accept your original offer for $450,000. Sally receives a letter from an attorney DAY 5 with a certied court order showing that Mayra had been judicially declared incompetentStep by Step Solution
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