Reference no: EM132180735

Your company has sent you on a trip to Nevada to search for and begin the process of purchasing an appropriate parcel of real estate on which to build a large mill making paper from recycled cardboard. After a week without finding a suitable site you strike up a conversation in a restaurant with one of the locals who claims to be a real estate broker. She says she may know of a parcel that could meet your company's needs. She also says that the owner just died intestate and that one of the possible heirs is in need of some fast cash. She shows you to property and it appears to be an ideal location with road and rail access running through it as well as a stream nearby for possible water supply. As you are leaving you notice that one sign at the driveway says "For Sale by Owner". Another sign says "Sheriff's Sale by Auction" and a date the following week. The broker mentions as she drops you off at your hotel that yours isn't the first company to show interest in the property.