Solution-Breach of contract on the grounds

Breach of contract on the grounds

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Reference no: EM131103177

Harry Ulmas made a contract to buy a new car from Acey Oldsmobile. He was allowed to keep his old car until the new car was delivered. The sales contact gave him a trade-in value of $650 on the old car but specified that the car would be reappraised when it was actually brought to the dealer. When Ulmas brought the trade-in to the dealer, an Acey employee took it for a test drive and said that the car was worth between $300 and $400. Acey offered Ulmas only $50 for his trade-in. Ulmas refused to buy from Acey and purchased from another dealer, who appraised the trade-in at $400. Ulmas sued for breach of contract on the grounds of violation of good faith. Was he right? [Ulmas v. Acey Oldsmobile, Inc 310 N.Y.S 2nd 147 (N.Y. Civ)]

Reference no: EM131103177

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Breach of contract on the grounds

Reference no: EM131103177

Reference no: EM131103177

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