Christal, a fulltime University student, used her persuasive skills to negotiate with her big brother Cliff,...

 

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Christal, a fulltime University student, used her persuasive skills to negotiate with her big brother Cliff, to purchase his laptop for $100,000 and pay him the balance of $75,000.00 in three months. Cliff gave her the laptop and Christal made the first payment of $25,000.00. She did not make any other payment as agreed. Cliff wants to sue her for the balance of $75,000.00. He is seeking your advice as to whether or not he can recover the outstanding sum in Court. Cliff and his wife Martha are separated and Martha lives in the matrimonial home. They agreed that Martha would continue to make the mortgage payments and Cliff would at the end of the mortgage being repaid, transfer his share of the house to Martha. Martha has repaid the mortgage loan and Cliff now refuses to transfer his share. Martha has threatened to sue him. Advise Cliff on both situations. Christal, a fulltime University student, used her persuasive skills to negotiate with her big brother Cliff, to purchase his laptop for $100,000 and pay him the balance of $75,000.00 in three months. Cliff gave her the laptop and Christal made the first payment of $25,000.00. She did not make any other payment as agreed. Cliff wants to sue her for the balance of $75,000.00. He is seeking your advice as to whether or not he can recover the outstanding sum in Court. Cliff and his wife Martha are separated and Martha lives in the matrimonial home. They agreed that Martha would continue to make the mortgage payments and Cliff would at the end of the mortgage being repaid, transfer his share of the house to Martha. Martha has repaid the mortgage loan and Cliff now refuses to transfer his share. Martha has threatened to sue him. Advise Cliff on both situations.

Answer rating: 100% (QA)

In the first situation Christal and Cliff had an agreement for her to purchase the laptop for 100000 ... View the full answer