Study each of the following cases. Answer the questions that follow with Yes or No. Chiu agreed

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Study each of the following cases. Answer the questions that follow with Yes or No.

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 specific 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?

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Essentials Of Business Law

ISBN: 9781260734546

11th Edition

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

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