Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hideo owns 2 0 0 acres of land. Hideo offers to sell the land to Ivan for $ 1 , 5 0 0 per acre.

Hideo owns 200 acres of land. Hideo offers to sell the land to Ivan for $1,500 per acre. Ivan replies that he does not need 200 acres of land, but would like to buy 40 acres at $1,500 per acre. Hideo agrees to sell but does not identify which 40 acres. Later, Hideo refuses to sell any land to Ivan. What is the result?
Question 12 options:
a)
Ivan wins; this is an enforceable contract with complete and definite terms.
b)
Ivan wins; the UCC will decide which 40 acres are to be sold.
c)
Hideo wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
d)
Hideo wins; this agreement is too indefinite because it does not identify which 40 acres are to be sold.

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

Human Resource Management Essentials You Always Wanted To Know

Authors: Vibrant Publishers, Jaquina Gilbert

1st Edition

1949395855, 978-1949395853

More Books

Students also viewed these General Management questions