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In order to operate the business, Sidney and Carol need to find a location on a river with white-water rapids. The pair are very busy
In order to operate the business, Sidney and Carol need to find a location on a river with white-water rapids. The pair are very busy with other aspects of the business and ask Michael, an old college friend to find a suitable location for them. They tell Michael to keep the identity of Fearless a secret because the adventure park business is very competitive and they do not wish any of their competitors to find out about their plans. They tell him he is only authorized to offer property owners a maximum of $750,000 for any property. 2. Michael views various properties on behalf of Fearless while keeping Fearless' identity secret. He finds the perfect property. It is on the water. It is beautiful. The cost is $1.2 million. He decides it is perfect and purports to buy it on behalf of Fearless. Who would be bound by the contract? If Fearless ends up liking the property, what should it take to ensure the contract is binding on Fearless? (8 marks)
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