sisohpme
Jul 31, 2013
Essays / Business Law (Law Contract) - an ad in a newspaper [4]
This is my 1st module which is business law. I'm having a hard time understanding my lectures and I really need help on my assignment;
"John, a retired businessman, placed an advertisement in the newspapers to sell his house for $3million. The next day, Adam comes to view the property and told John he would like to buy the house for $2.2million. John says nothing. A short while later Bill comes to view the property and agrees to John's price of $3million but "subject to contract". John agrees to this. In the evening of the same day, Charles comes to view the house and immediately insisted on purchasing it. He tells John he is prepared to pay $3.2million for the house; $200,000 more than the original price. John agrees and the next day, John and Charles go to a conveyance lawyer to complete the contract of sale. Adam and Bill come to hear of this and are now considering legal action against John.
Advise Adam and Bill on the possibility of them taking up legal action against John."
Really appreciate some kind souls to help me with this! :)
This is my 1st module which is business law. I'm having a hard time understanding my lectures and I really need help on my assignment;
"John, a retired businessman, placed an advertisement in the newspapers to sell his house for $3million. The next day, Adam comes to view the property and told John he would like to buy the house for $2.2million. John says nothing. A short while later Bill comes to view the property and agrees to John's price of $3million but "subject to contract". John agrees to this. In the evening of the same day, Charles comes to view the house and immediately insisted on purchasing it. He tells John he is prepared to pay $3.2million for the house; $200,000 more than the original price. John agrees and the next day, John and Charles go to a conveyance lawyer to complete the contract of sale. Adam and Bill come to hear of this and are now considering legal action against John.
Advise Adam and Bill on the possibility of them taking up legal action against John."
Really appreciate some kind souls to help me with this! :)