Business Law

Juan thinks he would like to purchase Tara's house, but doesn't know whether he will be able to save enough money for a down payment on a loan. Juan agrees to give Tara $5,000 for the option to purchase her house for $150,000 sometime within the next five years. Juan and Tara reduce their agreement to writing, sign it, and Juan gives Tara $5,000. Two years later, Juan wins the lottery and now is financially able to purchase Tara's house. However, that same day Juan receives a letter from Tara revoking her offer to sell for $50,000. Which of the following is true?
A. Tara's revocation isn't effective.
B. Tara's revocation is effective as long as she refunds the $5,000.
C. Tara's revocation is effective.
D. Juan can't complain because he failed to accept Tara's offer before it was revoked.

  1. 👍 0
  2. 👎 0
  3. 👁 130
  1. I have the answers contact me ronaldfederson at iaahoo

    1. 👍 0
    2. 👎 0
  2. A. Tara's revocation isn't effective

    1. 👍 0
    2. 👎 0
    posted by sun

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Meg concludes that students spend a mean of 7 hours in school each day. Tara thinks the mean is 6 hours. Who is correct—Meg or Tara? Explain your answer in two or three sentences. Make sure to use facts to support your answer

    asked by Anonymous on April 25, 2016
  2. Spanish Check

    Hello! Can someone please help me check my answers? I really appreciate it and thanks! Directions: Rewrite the following English sentences in correct Spanish form. The verb you will just is limpiar. 1.) I cleaned the house. 2.)

    asked by Jackie on March 24, 2015
  3. math

    identify the variable, population and is this quantitative or qualitative The archaeological site of Tara is more than 4000 years old. Tradition states that Tara was the seat of the high kings of Ireland. Because of it's

    asked by marie on June 8, 2013
  4. Math

    Juan bought two new tires for his bike. He also had the bike tuned up. The total bill was $65. How much did Juan spend on the 2 tires? My daughter thinks just divide by 2 and they are 32.50

    asked by gail on January 13, 2015
  5. English

    What is the best way to revise this sentence? Sometimes a purchase doesn't live up to all the things it's advertising says about it. A. Sometimes a purchase doesn't live up to what it says. B. Somestimes a purchase doesn't live up

    asked by Marie on January 4, 2011
  6. math

    At present, Tara's father is 42 years older than Tara. 5 years ago, her father was 4 times as old as her. Solve for y, Tara's current age.

    asked by Anonymous on October 16, 2018
  7. English

    1. In “The Censors,” Juan chooses to apply for a ob as a government censor for all of the following reasons except. A. He fears for Mariana’s safety in her new home. B. He plans to intercept and approve his own letter. C. He

    asked by Asia Powell on September 5, 2014
  8. Language Arts need help now!

    "Tara aren't you going to try out for the school play?" asked Bill. "Auditions are in a few minutes." "No, Nita is trying out for the lead. She's a much better singer than I am. I don't have a chance." Bill was a kind and helpful

    asked by Hayley on August 9, 2017
  9. Physics

    Two skaters, Elena and Tara, face each other on the ice. Elena has a mass of 57.4 kg, and Tara has a mass of 48.3 kg. Both are motionless until they push away with a force of 33 N. Then Elena has a velocity of 1.4 m/s. What is

    asked by Anonymous on November 6, 2012
  10. Statistics

    The archeological site of Tara is more than 4000 years old. Tradition states that Tara was the seat of the high kings of Ireland. Because of its archeological importance, Tara has received extensive study (Reference: Tara: An

    asked by Jerome on June 24, 2010

More Similar Questions