Identify and discuss the relevant legal issues and discuss them fully. Specifically state what you think the
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1. Juan Seguín is an aging rancher who operates as a sole proprietor in Cameron County. He is looking to retire and wants to sell some of his business machinery. Seguín offers to sell a piece of machinery to Martín Perfecto de Cos for $ 10,000. Discuss the legal effects of each of the following events on the offer:
(a) Seguín dies prior to Cos's acceptance, and at the time he accepts, Cos is unaware of Seguín's death.
(b) The night before Cos accepts, fire destroys the machinery.
(c) Cos pays $100 for a thirty - day option to purchase the machinery. During this period, Seguín dies. Aware of Seguín's death but within the thirty - day period, Cos accepts the offer.
(d) Cos pays $100 for a thirty - day option to purchase the machinery. During this period, Cos dies. His estate accepts the offer within the thirty - day period
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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