LS311_MoyanoVeronica_Unit7Assignment.docx - PEARL vs CANDIE...

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PEARL vs CANDIEVeronica MoyanoBusiness Law LS311-03January 25, 2020
Date: January,To: Les Agne, Attorney at lawFrom: Veronica MoyanoRe: Potential Causes of Action for Breach of Contract and Specific PerformanceIntroductionAs per your request, the following will demonstrate researched evidence conveying that abreach of contract between Candie and Pearl occurred, and that specific performance can be applied to this situation. Topics that will be addressed include the establishment of the contract, the likelihood of a different outcome had the auction been delivered in another manner and finally whether or not cause of action for equitable remedy falls within specific performance requirements.Contract FormationAn auction is a public sale of property in which a seller has an auctioneer find a buyer. A potential buyer places a bid for the item and if another buyer competes, then they continue to place bids until no other party challenges the other’s offer. Placing a bid in an auction does not

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