Question: On October 2 n d , Terry listed his house for sale with a real estate company at an asking price of $ 3 5

On October 2nd, Terry listed his house for sale with a real estate company at an asking price of $350,000. The next day, George learned about the listing and went to inspect the house. George expressed his immediate interest in buying the house; however, he told Terry that he wanted the exterior painted and the two basement rooms refinished into a large recreation room. Terry, who had known George for several years, decided that he would have the house painted and remodeled as George had requested. Terry told George that the costs for these projects would then be added to the purchase price of the house. George agreed without any hesitation and told Terry that he would have his attorney prepare the necessary papers confirming the sale at $350,000. Terry then canceled the listing and saved the real estate broker's fee.
On October 10th, George saw Terry at a local Rotary Club luncheon and told him that his attorney is on a European vacation and will not be back for three weeks. He also told Terry that he would like him to go ahead with the painting and remodeling since he would like to move into the house by December 1st. Terry agreed to have the work started. The next day, George went to Terry's house, explained how he wanted the basement remodeled and showed Terry a rose-pink color on a paint chart which his wife had selected for the exterior color. Terry hired the ACME Painting Co., who had the exterior completed by October 31st, charging Terry $2,000. Terry also hired a carpenter to remodel the basement.
On November 16th, George received a termination notice from his employer informing him that he would be discharged as of December 31st. He immediately notified Terry that because of his untimely discharge, he would not be able to afford to buy the house. Terry, who owed the carpenter $1,000 for the work already completed, told the carpenter to stop working and not complete the job.
Terry again listed the property with a real estate company. The house was shown to at least fifty persons without an offer to purchase. The realtors told Terry that prospective buyers did not like the offensive pink color chosen by George's wife. Furthermore, they suggested that if Terry wanted to sell the house, he would have to have the exterior repainted.
George refuses to buy Terry's house. Terry then brings suit for specific performance for purchase of the house as per their October 2nd agreement. Judgement for
Terry, since the agreement was unenforceable
George, since his job termination discharged his contractual duty by impracticability of performance
Terry, since he detrimentally relied on George's promise to purchase his house
George, since the agreement was unenforceable as within the Statute of Frauds
 On October 2nd, Terry listed his house for sale with a

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