Study the following cases carefully. Briefly state the principle of law and your decision. Marti, the owner
Question:
Study the following cases carefully. Briefly state the principle of law and your decision.
Marti, the owner of an expensive sports car, agreed in writing to sell the car to Berini. Because both parties recognized that some necessary engine repairs were needed, their contract did not specify the sales price, intending to determine the cost of repairs first. The cost of repairs was later determined and the final price settled, but the price was never included in the contract. Is this an enforceable contract?
Principle of Law:
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Decision:
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Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson