0538452803_269389

0538452803_269389 - BLTC-9e Sample Answer for...

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BLTC-9e Sample Answer for End-of-Chapter Hypothetical Question with Sample Answer Chapter 10: Agreement in Traditional and E-Contracts 10.2 Hypothetical Question with Sample Answer Chernek, the sole owner of a small business, has a large piece of used farm equipment for sale. He offers to sell the equipment to Bollow for $10,000. Discuss the legal effects of the following events on the offer: 1 Chernek dies prior to Bollow’s acceptance, and at the time she accepts, Bollow is unaware of Chernek’s death. 2 The night before Bollow accepts, a fire destroys the equipment. 3 Bollow pays $100 for a thirty-day option to purchase the equipment. During this period, Chernek dies, and Bollow accepts the offer, knowing of Chernek’s death. 4 Bollow pays $100 for a thirty-day option to purchase the equipment. During this period, Bollow dies, and Bollow’s estate accepts Chernek’s offer within the stipulated time period. Sample Answer:
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0538452803_269389 - BLTC-9e Sample Answer for...

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