Question
Smith and brown, both parties, signed a contract for the sale of Smith's summer cottage. Closing costs were decided and the closing was for June
Smith and brown, both parties, signed a contract for the sale of Smith's summer cottage. Closing costs were decided and the closing was for June 1. on May 5, Smith announced that the contract was invalid and refused to sell. Smith cannot do this without being subject to legal action because?
a. a contract must have reasonable performance in order to be valid.
b. in refusing to sell, he voided the acceptance, which voids the contract.
c. he had entered into a valid contract, and asserted no basis for declaring it invalid
d. a contract can only be made invalid one month before the agreed upon closing date.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started