Pete buys Blackacre from Dave for $10 million dollars. Blackacre is advertized by Dave as a 10
Question:
Pete buys Blackacre from Dave for $10 million dollars. Blackacre is advertized by Dave as a 10 acre parcel of land zoned and sized for commercial development. Pete intends to build a shopping center on Blackacre. After the transfer takes place, the surveyors determine that Blackacre is only 8 acres. Due to local ordinance that requires at least 9 acres for a shopping center development, Blackacre is too small to build the shopping center. Both Dave and Pete thought that Blackacre was 10 acres. Since Blackacre can't be developed into a shopping center, its true value is $1 million dollars. What are Pete's rights?Red is a wealthy, 90 year old man in poor physical and mental health. Red hires Brenda age 21 to be his care giver for $10,000 per month. Red and Brenda quickly develop a close relationship. One day Brenda is late because her car would not start. That day, Red buys her a new car. Another day Brenda tells Red that she is being evicted because she can't pay her rent. Red gives her a check for a year's worth of rent and triples her salary. The next day, Brenda asks Red about the wedding ring he wears on a chain around his neck. Red said that it belongs to his deceased wife and then gives it to Brenda. Thereafter, Brenda asks for and Red gives Brenda a gift every day. Red dies about three months after hiring Brenda. When Red's attorney is going through Red's estate, he determines that Brenda received about $800,000 in salary and gifts during her three month employment. Does Red's estate have any claim against Brenda?
Business Law Principles for Today's Commercial Environment
ISBN: 978-1305575158
5th edition
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene