Chiu agreed to sell his custom-built sailboat to Graham for $60,000. Before delivery, Chiu received another offer

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Chiu agreed to sell his custom-built sailboat to Graham for $60,000. Before delivery, Chiu received another offer for $68,000 and wrote to Graham that he had decided not to sell his boat after all.

a. Can Graham obtain a decree of specifi c performance?

b. Would a suit for money damages completely satisfy Graham?

c. Can Chiu avoid Graham’s suit by claiming that he was merely selling to the highest bidder?

Study each of the cases below. Answer the questions that follow by writing Yes or No i n the answer column.

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Question Posted: Mar 10, 2024 03:02 AM

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Chiu agreed to sell his custom-built sailboat to Graham for $60,000. Before delivery, Chiu received another offer

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Essentials Of Business Law

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