Peanut Pharmer hired Dirty Dealer to sell 500 acres of Peanut Pharmers land and all the

farming equipment on Peanut Pharmers property. Dirty Dealer told Peanut Pharmer he was a

real estate expert, even though Dirty Dealer had never sold a single property and was

unlicensed. Dirty Dealer learned his skills from online videos. Dirty Dealer provided Peanut

Pharmer with a standard form agreement that charged Peanut Pharmer twice the normal

commission rate of an entry-level real estate Dirty Dealer. The contract stated Dirty Dealers

duties are complete after the deal is closed. Peanut Pharmer asked the Dirty Dealer to explain

the contract because Peanut Pharmer had limited literacy. Dirty Dealer told Peanut Pharmer,

Dont worry. This form is just a formality. Peanut Pharmer signed the contract. Dirty Dealer

posted Peanut Pharmers land on the market.

After six months, Dirty Dealer arranged a meeting between Peanut Pharmer and a potential

Potential Purchaser to discuss the terms of a purchase, but Potential Purchaser never showed

up. Dirty Dealer went to the Potential Purchasers home. When Potential Purchaser opened the

door, Dirty Dealer said, You better close this deal with Peanut Pharmer or youll be sorry.

Dirty Dealer shoved the contract in Potential Purchasers face and held out a pen.

Bus201, S20, Final Examination Guide

Potential Purchaser, who was only 17 years old, was scared by Dirty Dealers threats and

immediately signed the contract. Potential Purchaser never paid Peanut Pharmer any money.

Three weeks later, Potential Purchaser called Peanut Pharmer and said they no longer wanted

the land. Peanut Pharmer asked Dirty Dealer to continue selling the land, but Dirty Dealer told

Peanut Pharmer that he no longer did real estate and claimed the deal closed when Potential

Purchaser signed the contract. Peanut Pharmer called Dirty Dealer a fraud because Peanut

Pharmer believed Dirty Dealers duties were not completed until Peanut Pharmer received the

money from the sale.