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Business Law Exercises

by | Nov 30, 2023 | questions

Business Law Exercises

Discuss the status of the contract in the following scenarios.

Dave offers to sell his house to Brett for $200,000. Brett states that the price is too high and offers to purchase the house for $185,000. Cisco offers to sell his AKC-registered German Shepherd to Billy for $500. Before Billy can pick up the dog, it dies.

Question #2
Jack agrees to purchase $100,000 in marijuana from Cal. Jack gives Cal $1,000 as a down payment. When Cal arrives with the marijuana, Jack changes his mind. Provide relevant laws, cases, and examples to support your posting.

Question #3
Rupert, a 17-year old, received $200 for his birthday. He would like to purchase a computer and finds one advertised at a price he can afford. He enters into a contract with the storeowner to buy the computer. Six months later, Rupert wants to rescind his acceptance. Can he do so without being in breach of contract? Explain why or why not, providing examples, laws, or other relevant information to support your answer

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