Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hsu v . Abbara On June 5 , 1 9 8 7 , the Abbaras listed their home for sale at $ 2 9 9
Hsu v Abbara
On June the Abbaras listed their home for sale at $ with Roy Rhino of Merrill Lynch Realty. The Hsus made an offer to purchase the home for $ through their agent Ben Lin on June The purchase agreement contained a provision for attorney's fees: In any action between Broker, BUYER or SELLER arising out of this agreement, the prevailing party shall be entitled to reasonable attorney's fees and costs." On June the Abbaras made a counter offer on a standard purchase agreement for $ set to expire at pm on June and this counter offer incorporated the terms of the original offer. The Hsus viewed the property a second time and on the bottom of the counter offer wrote "All terms are accepted except price to be $ and "this counter offer is good until am on June
On the evening of June Lin spoke with Rhino to see if the Abbaras would take a price under $ Rhino said to present a new written offer. Lin called again to say that the Hsus were firm at $ On June Abbaras told Rhino no on $ and to go back to $
The afternoon of June Rhino received the Abbaras' counter offer $ with the "All terms are accepted except price to be $ lined out. In its place was handwritten "offer terms are accepted." Rhino called the Abbaras to report that Hsus agreed on $ Abbaras said anything less than full price was not acceptable. Rhino was unsuccessful in finding another house for the Abbaras, who then decided not to sell. Rhino prepared escrow instructions, which Hsus signed but Abbaras did not. On June Hsus sued the Abbaras for specific performance.
Was there a contract? Why?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started