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Bruce and Seller were negotiating Bruce's proposed purchase of a grocery store from Seller. In which situation did the parties lack the necessary intent
Bruce and Seller were negotiating Bruce's proposed purchase of a grocery store from Seller. In which situation did the parties lack the necessary intent to enter into a legally binding contract for the sale of the store? Bruce and Seller signed an agreement whereby Bruce indicated his desire to buy the store from Seller and Seller indicated his desire to sell the store to Bruce upon terms that the parties would later agree upon. Bruce and Seller signed a complete, definite agreement whereby Bruce agreed to buy the store from Seller and Seller agreed to sell the store to Bruce upon the terms stated in the agreement. Either situation where Bruce and Seller signed a complete, definite agreement for the sale of the store or the preliminary agreement with the intent to negotiate in the futre. Bruce and Seller orally agreed whereby Bruce agreed to buy the store from Seller and Seller agreed to sell the store to Bruce upon the terms stated in the agreement.
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