Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION THREE Kaisha is a young lady who migrated to England three years ago from India to attend university. She had been living with her

QUESTION THREE Kaisha is a young lady who migrated to England three years ago from India to attend university. She had been living with her grandparents, who recently passed away and bequeathed (gave freely through the will) to her a large sum of money. Kaisha only speaks very basic English, she has few friends and has recently been prescribed antidepressants to deal with the loss of her grandparents. She has limited business experience. Kaisha is unsure what to do with her money and asks her best friend John who was also her neighbor, who has known her since she moved to England. John runs a Food Takeaway place called "The Delicacy". John wants to start bigger Caf' in London, but he lacks the money. He offers to sell the business to Kaisha in January 2021 for $ 700,000 and assures her that he will run the business for another year. Kaisha remains skeptical (having doubts) and during the negotiations, John says to Kaisha: "There is no risk to you of buying this business. We have consistently made $ 14,000 per month and with summer coming, if you expand to a Caf', where you could easily make at least $ 30,000- I have studied the trends." Yet eventually the business started to make a loss. When she actually assessed the finances of business through professionals, she discovered that the whole market was not of value for the location of the business. Her friend left her with a business that was already at a loss. Advise Kaisha when she comes for your legal opinion relating to the actions, she can take to terminate the contract regarding Contract law. Answer need like Issues, rules, application, and conclusion.

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

Law Express Employment Law

Authors: David Cabrelli

7th Edition

1292295252, 978-1292295251

More Books

Students also viewed these Law questions

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago