QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 362 Weeks Ago, 6 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 04 Oct 2017 My Price 7.00

Myrna, a 40-year old teacher,

 Myrna, a 40-year old teacher, wants to move to Chicago because of a job offer. She owns a house in St. Louis, her current residence, which has been appraised and valued by a professional real estate appraiser at$500,000. She posted a "For Sale" sign in the yard that stated "Make an Offer". Ned, who is a casual friend of Myrna's, responded to the sign and made an appointment with Myrna to tour her house. Later, Ned invited Myrna to dinner to discuss the house and a possible sale. Myrna and Ned had a leisurely dinner, and 2 glasses of wine each with dinner. At the end of dinner, Ned offered Myrna $225,000 for her house; Myrna accepted.

Ned and Myrna signed a sales contract, but before the deal was completed and before the deed was transferred to Ned, Myrna's relatives tried to urge Myrna to cancel the cancel the contract claiming that the contract was unenforceable.

Analyze the deal between Myrna and Ned. Is the contract enforceable? Why or why not?

Learning Activity # 2

In a brief scenario example of a unilateral contract, in paragraph format. Explain why/how the example above is a unilateral contract.

Answers

QuickHelper
(10)
Status NEW Posted 04 Oct 2017 09:10 AM My Price 7.00

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