If I were to sell a piece of property to someone but they didn't know if they wanted it so I agreed in writing to keep the offer open for 1 year could that person sue me if I were to sell the property to someone else who offered me more before the year was up.
Is it still an option contract?
If I were to sell a piece of property to someone but they didn't know if they wanted it so I agreed in writing to keep the offer open for 1 year (No money was put down) could that person sue me if I were to sell the property to someone else who offered me more before the year was up.
I just need to know if I've answered these wuestions correctly. My answers are on the bottom. Alice owns property in a rural part of town. A developer approaches her about buying the property for use as a shopping center. The developer wants to be sure that he can get the property rezoned for commercial use before he buys i ...continues
What role do contracts play in the U.S. economic system?
Contract (Assigning rights to someone else.
Alan enters an oral contract to sell a house and one acre of land to Barney for $180,000. Before the date for performance of the contract, Barney assigns his right to the property to Clara and delegates to her his duty to pay for the land in equal monthly installments. Alan is notified of the assignment. Later, Alan refuses to s ...continues
Alan enters an oral contract to sell a house and one acre of land to Barney for $180,000. Before the date for performance of the contract, Barney assigns his right to the property to Clara and delegates to her his duty to pay for the land in equal monthly installments. Alan is notified of the assignment. Later, Alan refuses to s ...continues
Alan enters an oral contract to sell a house and one acre of land to Barney for $180,000. Before the date for performance of the contract, Barney assigns his right to the property to Clara and delegates to her his duty to pay for the land in equal monthly installments. Alan is notified of the assignment. Later, Alan refuses to s ...continues
Contract (Assigning rights to someone else)
Alan enters an oral contract to sell a house and one acre of land to Barney for $180,000. Before the date for performance of the contract, Barney assigns his right to the property to Clara and delegates to her his duty to pay for the land in equal monthly installments. Alan is notified of the assignment. Later, Alan refuses to s ...continues
Matt and Peter are minors in their jurisdiction. Their parents agree that, on a trial basis, the can be "independent" and live away from home. Matt and Peter find an apartment their part time jobs can pay for. On their own, they enter into a one year lease and pay the first month's rent in advance. However, they fail to pay the ...continues
Matt and Peter are minors in their jurisdiction. Their parents agree that, on a trial basis, the can be "independent" and live away from home. Matt and Peter find an apartment their part time jobs can pay for. On their own, they enter into a one year lease and pay the first month's rent in advance. However, they fail to pay the ...continues
