Question: Mary and Penny enter a contract in which Penny agrees to buy Marys small consignment business for $ 3 0 0 , 0 0 0

Mary and Penny enter a contract in which Penny agrees to buy Marys small consignment business for $

300, 000.00 .

Penny goes home and realizes the stock market is reducing her financial position and perhaps this is not a good time to buy another business. Penny has lunch with Peter and tells him the situation. Peter says he would love to buy Marys business.

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