Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sarah is very keen on sailing and wants to purchase a yacht. Looking through the for sale advertisements on treegum, Sarah notices that Andy has

Sarah is very keen on sailing and wants to purchase a yacht. Looking through the for sale advertisements on treegum, Sarah notices that Andy has a yacht for sale. Sarah contacts Andy and arranges to inspect the yacht. On Thursday afternoon Sarah and Andy meet at the local marina. Andy shows Sarah the yacht. Sarah is extremely happy with the yacht and has just one question. Sarah says that she will purchase the yacht from Andy only if it is less than 10 years old. Andy responds that he can guarantee that the yacht is only 5 years old. On that basis Sarah agrees to purchase the yacht. Andy has a contract of sale drawn up which Sarah signs. Unfortunately for Sarah she discovers that the yacht is closer to 15 years old than the 5 that Andy claimed. Sarah approaches Andy with this information and demands her money back. Andy has a copy of the contract and explains to Sarah that none of the terms of the contract mention the age of the yacht. Andy explains to Sarah that they are only bound by the terms of the written contract. claimed. Sarah approaches Andy with this information and demands her money back. Andy has a copy of the contract and explains to Sarah that none of the terms of the contract mention the age of the yacht. Andy explains to Sarah that they are only bOund by the terms of the written contract. Advice Sarah as to what only bound by the terms of the contract means and also what, if any, exceptions to this rule may apply

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

1. Too understand personal motivation.

Answered: 1 week ago