Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mitchell is the principal owner of Samuel Mitchell, Inc., a real estate firm. Mitchell signed an exclusive brokerage agreement with Newsome to find a purchaser

Mitchell is the principal owner of Samuel Mitchell, Inc., a real estate firm. Mitchell signed an exclusive brokerage agreement with Newsome to find a purchaser for Newsome's property within ninety days. This type of agreement entitles the broker to a commission if the property is sold to any purchaser to whom it is shown during the ninety-day period. Newsome tried to cancel the brokerage agreement before the ninety-day term had expired. Mitchell had already advertised the property, put up a "for sale" sign, and shown the property to prospective buyers. Newsome claimed that the brokerage contract was unilateral and that she could cancel at any time before Mitchell found a buyer. Mitchell claimed that the contract was bilateral and that Newsome's cancellation breached the contract. Discuss who should prevail at trial.

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

Contemporary Family Law

Authors: Douglas Abrams, Naomi Cahn, Catherine Ross, Linda McClain

5th Edition

1640205918, 978-1640205918

More Books

Students also viewed these Law questions

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago