FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On Monday morning, Andy and Brian enter an oral, unwritten contract for the sale of five acres of land in Delray Beach, Florida, at $10,000

On Monday morning, Andy and Brian enter an oral, unwritten contract for the sale of five acres of land in Delray Beach, Florida, at "$10,000 per acre." On Tuesday morning, Andy demands that Brian pay him "$11,000 per acre" for the land. Brian refuses. Andy sues. Who should win, and why? In your answer, explain written/oral contracts.

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

Essentials of Business Law

Essentials of Business Law

Authors: Anthony Liuzzo

9th edition

007802319X, 978-0078023194

More Books

Students also viewed these Law questions

Question

★★★★★
According to the assumptions underlying the two independent samples design, (a) Are two observations from the same sample, say X2 and X4, (i) Independent? (ii) Do they always have the same...

Answered: 1 week ago

Question

★★★★★
A thin insulated wire forms a plane spiral of N = 100 tight turns carrying a current I = 8 mA. The radii of inside and outside turns (Fig. 3.67) are equal to a = 50 mm and b = 100 ram. Find: (a) The...

Answered: 1 week ago

Question

★★★★★
Differentiate between nativist and empiricist accounts of depth perception.

Answered: 1 week ago

Question

★★★★★
(a) Determine the amount of work (in joules) that must be done on a 100-kg payload to elevate it to a height of 1 000 km above the Earths surface. (b) Determine the amount of additional work that is...

Answered: 1 week ago

Question

★★★★★
Maese Industries Inc. has warrants outstanding that permit the holders to purchase 1 share of stock per warrant at a price of $25. a. Calculate the exercise value of the firms warrants if the common...

Answered: 1 week ago

Question

★★★★★
Write a report that presents your thinking of the following statement: Please critically discuss whether the stock price has included all available information in the stock market.

Answered: 1 week ago

Question

★★★★★
9. If an S corp., a calendar year taxpayer, has 72 individual shareholders and one of those shareholders sells his shares to a corporation on June 25, 20X6, when does the S corporation's tax year...

Answered: 1 week ago

Question

★★★★★
The freight forwarder has four different exporters with cargo going from Toronto to Paris via AirFrance. What contract is going to be signed between the freight forwarder and Air France? a. Master...

Answered: 1 week ago

Question

★★★★★
The data set below includes a random sample of the number of tornadoes that touched down in the United States for 5 months out of one year. What is the variance? Round your answer to the nearest...

Answered: 1 week ago

Question

★★★★★
Problem 11. The shares of Microsoft were trading on Nasdaq on January 1 at $41. A Swedish investor purchased 100 shares of Microsoft at that price. The Swedish kroner to dollar exchange rate then was...

Answered: 1 week ago

Question

★★★★★
In the commercial section of the newspaper you come across an ad for a pizza delivery business for sale. upon inquiry, you discover that the owner , who wants to sell the business and then retire,...

Answered: 1 week ago

Question

★★★★★
Q3. Hotelling Model with Non-Uniform Distribution (16 points) Assume that there exists a linear city. Firm 0 is located at 0 and rm 1 is at 1. Both rms sell an identical product except for their...

Answered: 1 week ago

Question

★★★★★
Be relaxed at the hips

Answered: 1 week ago

Question

★★★★★
Do not take criticism personally, even if it is meant to be personal.

Answered: 1 week ago

Question

★★★★★
2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.

Answered: 1 week ago

Previous Question Next Question