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Posted: January 2nd, 2024
Summarize typical mistakes and remedies for breach of contracts
Question description
Instructional Objectives for this activity: Summarize typical mistakes and remedies for breach of contracts.
The
following scenario addresses potential contractual defects. Please read
carefully and complete a written assignment as directed below:
Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses.
If
Jud offered the Krauses considerably less for their property than its
possible market value and the Krauses accepted the offer, could they
avoid the contract on later learning that they might have sold it for a
higher price?
If Jud offered the Krauses one price
and inadvertently typed a different, higher price into the contract,
can Jud be held to the typewritten amount? This individual work should include the following:
An in-depth submission that should be free of spelling and grammar errors. An essay containing a minimum of 200 words. You
will be assessed on the rationale you use in addressing the
questions/issue posted, and how well you justify your argument regarding
this issue. Your
response must be thought provoking, have well developed ideas and/or
opinions, and should reference any supporting material from the text,
lecture or other sources you have used to complete the assignment. You may use your text or the internet as a reference, but remember to cite your sources according to APA guidelines. For citation guidelines, please refer to the table in the APA Style section of the syllabus.
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