Post a New Question

business law

posted by .

Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses.

If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid the contract on later learning that they might have sold it for a higher price?

If Jud offered the Krauses one price and inadvertently typed a different, higher price into the contract, can Jud be held to the typewritten amount?

  • business law -

    westchester community collage

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Business Law

    In each of following situtations. is there any violation of fiduciary relationship by a partner. In each case, indicate whether it would make difference if the partnership was informed of and/or approved the transaction. 1. Partner …
  2. business law

    please help me to do my assignment 1.describe my business?
  3. Finance

    Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses. If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid …
  4. business

    Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses. If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid …
  5. business law

    Feaheny offered in writing to sell Quinn her house. She made an offer to sell on an installment payment basis, but also asked Quinn to make a cash offer. Quinn made a cash offer which Feaheny rejected. Quinn then accepted the installment …
  6. business law

    1. Meyer, after seeing a sign on Chosnyka's land reading "FOR SALE 95 ACRES" and running a title search, sent Chosnyka an offer to buy the land as described by its legal description. The offer required acceptance by returning a singed …
  7. applied business law

    Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses. If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid …
  8. Business Law

    Jackie tells a group of friends that she plans to sell her home. Meg asks how much Jackie hopes to get for the house, and Jackie replies, "$50,000." Meg says, "I accept your offer. I'll purchase your house for $50,000." No contract …
  9. Business Law

    Carrie decides to offer Shelley the opportunity to purchase her motorcycle for just $500. Carrie told Jim, a mutual friend of Shelley and her, that she intended to make the offer. Later, Carrie changes her mind. Shelley approaches …
  10. Healthcare Economics

    Your president bought two acres of land for $200,000 ten years ago. Although it is zoned for commercial use, it currently houses eight small, single-family houses. A property management fir that wants to continue leasing the eight …

More Similar Questions

Post a New Question