Question
On an unrelated note, Cole decides to engage in some other business activities, including real estate.Cole verbally offers to sell a specific piece of real
On an unrelated note, Cole decides to engage in some other business activities, including real estate.Cole verbally offers to sell a specific piece of real property to Daniel for $150,000, with a closing date of December 1, 2017.Daniel accepts, hires an appraiser, an inspector, and ultimately an architect for design improvements that he wants made to the property.However, on December 1, 2017, Cole refuses to transfer the real property to Daniel, though Daniel has $150,000 in cash ready to pay Cole.If Daniel sues Cole to enforce the agreement and/or to get damages, what will likely happen?What if Cole put the offer in writing, signed it, sent it to Daniel who verbally accepted, but did not sign the agreement?
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