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Unformatted text preview: of offer, to Home Folks staring the guide, time frame and payment amount to be made to Home Folks. Home Folks argues that they signed the contract before FMVC was able to use the rights of revocation, therefore Home Folks will give the property to FMVC and FMVC will pay the promised 35,000. FMVC agrees that there was a contract with Home Folks, and the terms of acceptance included the property of Home Folks. Since the property of Home Folks was destroyed before the terms of the contract was fulfilled, FMVC and Home Folks can't keep each other's promise. Home Folks promised a property that is now burned and unable to fulfill the contract terms. Conclusion No a contract between Home Folks and FMVC does not exist, because upon the Destruction of subject matter which in this case of the property of Home Folks which burned down, a contract no longer exists....
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This note was uploaded on 03/28/2012 for the course BLAW 280 taught by Professor Ng during the Spring '11 term at CSU Northridge.
- Spring '11
- Business Law