Niels owned three adjoining parcels of land in Arizona. Hannah wanted to buy one. Over dinner, the

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Niels owned three adjoining parcels of land in Arizona. Hannah wanted to buy one. Over dinner, the two sketched and signed this agreement: "Binding Contract: Niels agrees to sell one of his three Arizona lots to Hannah. Within 14 days, the parties will meet on the land, decide which lot Hannah is buying, and settle on a price. If they cannot agree on a price, they will decide a fair method of doing so. Both parties agree to be bound by this contract." Later, Niels refused to sell any land, and Hannah sued. What will happen?
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Business Law and the Legal Environment

ISBN: 978-1285860381

7th edition

Authors: Susan S. Samuelson, Jeffrey F. Beatty

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