Determine the value of the consideration

Assignment Help Business Management

Reference no: EM131378743

Seier agreed to pay $10,000 to Peek in exchange for all the stock in a corporation. The agreement was placed in writing. Nevertheless, when the time came for payment, Seier refused to live up to his end of the deal.

His argument was that the stock was not worth the $10,000 that he had agreed to pay for it. Did the court listen to Seier's argument and attempt to determine the value of the consideration? Explain.

Seier v. Peek, 456 So.2d 1079 (AL).

Reference no: EM131378743

Questions Cloud

Can vanoni make the delivery of the remaining specimens : Can Vanoni make the delivery of the remaining 12,000 specimens consideration in a new agreement with the Institute? Explain.

Determine appropriate values for the ring inside diameter : Determine appropriate values for the ring inside diameter and the clamping force.

What key project documents would be required : What key project documents would be required? Briefly describe how you would specifically use these documents to produce an effective and well managed project.

What about the roman culture was worthy of restoring : What about the Romans would appeal to these newer civilizations and cultures? What about the Roman culture was worthy of restoring? Why did the Roman empire continue to have such an influence

Determine the value of the consideration : His argument was that the stock was not worth the $10,000 that he had agreed to pay for it. Did the court listen to Seier's argument and attempt to determine the value of the consideration? Explain.

Find the torque to rotate the disk : A flat 6-in. diameter disk buffer shown in P18.3 has a rotation speed of 500 rpm. The coefficient of friction between the buffer disk and a flat metal surface being polished is 0.2

Would the agreement not to sue stop koeddings lawsuit : After the repaving was completed a second time, Koedding was still not satisfied. Would the agreement not to sue stop Koedding's lawsuit? Explain.

What role did the schlieffen plan play : What role did the Schlieffen Plan play in making World War 1 so brutal? What role did technology play in making the war so terrible? What treaty ended World War 1, and what was its role in bringing about another world war

Is mrs mitchell correct in given situation : She argued that since she was 17 at the time she signed the release, she was a minor and could therefore void the contract. Is Mrs. Mitchell correct? Explain.

User Account

All Pages