Financial information play for business

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Business law

1. A farmer promises while talking over the fence to sell his neighbor 20 acres of his farm. Has he broken an enforceable contract when he later changes his mind to sell? Explain the related law. Does the neighbor have standing if he repaired fencing and ponds after being promised a sale of the property?

2. In the famous “Fight to Remember” Iron Mike Tyson was disqualified in the first round for biting the ear of his opponent. Were disappointed fans entitled to refunds as third party beneficiaries to the contracted boxing match? Explain how contract law applies to third parties who seek a contract benefit.

3. You contract with a painter you trust to paint your new office reflecting your personal taste and status. When overbooked, the painter delegates the work to another painter without permission. The paint job looks OK to friends but you personally feel you should pay less than the contract. Did the painter breach your express agreement? Explain the related law.

Reference no: EM132155078

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