Provide decision in given condition

Assignment Help Project Management

Reference no: EM131386297

Schlosser entered into an agreement to purchase a cooperative apartment from Flynn Company. The written agreement contained the following provision: ‘‘This entire agreement is conditioned on Purchaser's being approved for occupancy by the board of directors of the Cooperative.

In the event approval of the Purchaser shall be denied, this agreement shall thereafter be of no further force or effect.''

When Schlosser unilaterally revoked her ‘‘offer,'' Flynn sued for breach of contract. Schlosser claims the approval provision was a condition precedent to the existence of a binding contract and, thus, she was free to revoke. Decision?

Reference no: EM131386297

Questions Cloud

How do we define unemployment : How do we define unemployment? Why is our current method of unemployment misleading? Why do some economists prefer using the "real" unemployment? Why are there so many middle aged men not working and not unemployed?

Create 3d faces for the four walls of the shed : Open workshed.dwg and save it as prb40-1.dwg. Create 3D faces for the four walls of the shed. View the shed from several views and with several different visual styles.

What is responsible for improvements in population health : PBE-03:The assigned readings for this week covered a controversial issue in public health: namely, what is most responsible for improvements in overall population health? Is it advances in modern medicine and targeted public health interventions, ..

Relationship between investment demand and interest rates : Aggregate demand management refers to the changing of policy variables like government expenditures, taxation (fiscal policy tools) or money supply and interest rates (monetary policy tools) to attain a target level of GDP. Why is there an inverse re..

Provide decision in given condition : When Schlosser unilaterally revoked her ‘‘offer,'' Flynn sued for breach of contract. Schlosser claims the approval provision was a condition precedent to the existence of a binding contract and, thus, she was free to revoke. Decision?

Introduction to economics : One of the skills of the economist, as defined in Chapter 1 of the book, is to observe facts, weed out relevant ones from irrelevant ones, and theorize about the cause.

What is the socially optimal output : Assume that the product below generates external costs in consumption of $3 per unit. What is the socially optimal output? By how much does the market overproduce this good?

Whether jones and walker would be successful in an action : Jacobs, owner of a farm, entered into a contract with Earl Walker in which Walker agreed to paint the buildings on the farm.- Explain whether Jones and Walker would be successful in an action against Jacobs for breach of contract.

Manufacture product according to production function : A firm can manufacture a product according to the production function: Calculate the APL when the level of capital is fixed at 16 units and the firm uses 16 units of labor. How does the APL change when the firm uses 81 units of labor?

User Account

All Pages