Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Golic, a private party, offered Michaels, another private party, $15,000 for his car, which is a standard used Honda Accord, Michaels thought about it and

image text in transcribed
Golic, a private party, offered Michaels, another private party, $15,000 for his car, which is a standard used Honda Accord, Michaels thought about it and agreed to the contract. Both parties then signed a written agreement for $15,000. The next day, Golic saw a car he liked better and called Michaels, saying "Deal's off, I found another car." Michaels has sued Golic for breach of contract. The car, which Michaels paid $13,000 for, has a fair market value of $16,000. What award should Michaels should receive from a court? Multiple Choice Nothing, as the offeror always has the right to revoke his offer before the subject of the contract exchanges hands. O O $1,000 $2,000 O $15,000 An order for specific performance only, demanding that Golic turn over the $15,000 and that Michaels turn over the car

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dividend Policy On Share Price Volatility In Indian Stock Market

Authors: Vijay Deswal

1st Edition

3841859623, 978-3841859624

More Books

Students also viewed these Finance questions