Q: Bettye Gregg offered to purchase a house from Head & Seeman,
Bettye Gregg offered to purchase a house from Head & Seeman, Inc. (seller). Though she represented in writing that she had between $15,000 and $20,000 in equity in another home that she would pay to t...
See AnswerQ: Watson agreed to buy Ingram’s house for $355,000.
Watson agreed to buy Ingram’s house for $355,000. The contract provided that Watson deposit $15,000 as earnest money and that “in the event of default by the Buyer, earnest money shall be forfeited to...
See AnswerQ: Daniel agreed to erect an apartment building for Steven for $12
Daniel agreed to erect an apartment building for Steven for $12 million, and that Daniel would suffer a deduction of $12,000 per day for every day of delay. Daniel was twenty days late in finishing th...
See AnswerQ: Sharon contracted with Jane, a shirtmaker, for 1,000
Sharon contracted with Jane, a shirtmaker, for 1,000 shirts for men. Jane manufactured and delivered 500 shirts, for which Sharon paid. At the same time, Sharon notified Jane that she could not use or...
See AnswerQ: Stuart contracts to act in a comedy for Charlotte and to comply
Stuart contracts to act in a comedy for Charlotte and to comply with all theater regulations for four seasons. Charlotte promises to pay Stuart $1,800 for each performance and to allow Stuart one bene...
See AnswerQ: Louis leased a building to Pam for five years at a rental
Louis leased a building to Pam for five years at a rental of $1,000 per month. Pam was to deposit $10,000 as security for performance of all her promises in the lease, which was to be retained by Loui...
See AnswerQ: In which of the following situations is specific performance available as a
In which of the following situations is specific performance available as a remedy? (a) Mary and Anne enter into a written agreement under which Mary agrees to sell and Anne agrees to buy for $100 pe...
See AnswerQ: On March 1, Joseph sold to Sandra fifty acres of land
On March 1, Joseph sold to Sandra fifty acres of land in Oregon that Joseph at the time represented to be fine black loam, high, dry, and free of stumps. Sandra paid Joseph the agreed price of $140,00...
See AnswerQ: Donna gives Peter a check for $3,000 in return
Donna gives Peter a check for $3,000 in return for a desktop computer. The check is dated December 2. Peter transfers the check for value to Howard on December 14, and Howard deposits it in his bank o...
See AnswerQ: James contracts to make repairs to Betty’s building in return for Betty’s
James contracts to make repairs to Betty’s building in return for Betty’s promise to pay $12,000 on completion of the repairs. After partially completing the repairs, James is unable to continue. Bett...
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