Question: ( 5 ) On October 2 0 , 2 0 2 2 , Bob says to Joe I offer to sell you my farm for
On October Bob says to Joe "I offer to sell you my farm for $ with exchange of the deed and the purchase price not to occur until October Joe says, accept your offer."
A An enforceable contract was formed so long as the transaction was not illegal and both Joe and Bob had contractual capacity.
B No contract was formed even if the transaction was not illegal and both loe and Bob had contractual capacity.
C An unenforceable contract was formed even if the transaction was not illegal and both Joe and Bob had contractual capacity.
D Joe could enforce the contract by requesting the equitable remedy of "specific performance" if Bob did not tender the deed to Joe on October when Joe tendered the $ purchase price to Bob.
E None of the above choices are accurate.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
