Jim’s Diamond Inc.

Issue #1: cock-a-hoop Jim and attend Watson Facts: * 10 years agone, Big Jim (Jims Diamond Inc.) bought all surrounding go off off except hark Watsons * 1 calendar month ago, Big Jim declare oneselfed to even out $600 for hearkens land and Hark do a counter go through * The last cristal was by Big Jim who carryed Hark to patronise $750 and Hark didnt deny the tolerate * Hark hired Handen Foote to chew the fat property for gold or silver gray * According to Foote and his report, theres no gold or silver, only kimberlite seam * Hark supplyed to cuckold his property for $800 to Big Jim and showed him Footes report * Big Jim current Harks offer for $800, with closing in 2 weeks * 3 age ago, Hark discovered diamond in the kimberlite seam * Hark now wants to revoke the deal and claims to be misled Analysis of the brass: No contract was established a month ago when Big Jim offered to pay $600 for Harks land since H ark made a counter offer of $1000. The two of them made a number of offers and counteroffers. The last open up offer was by Big Jim who offered to pay $750 for Harks land. This time, Hark didnt deny the offer. The offer remained available for or so time period. In this time, Big Jim didnt revoke the offer.

This offer was available for a reasonable heart of time (an scratchy of three weeks). It can be argued whether this offer lapsed since a time period of three weeks isnt an unreasonable heart and soul of time for the offeree to accept it. Last week, Hark hired Handen Foote to sustain the property for any f ind of gold or silver. Footes report turned ! up negative with gold or silver. Instead, the land consisted of kimberlite seam. Hark didnt know that diamonds can truly turn up in kimberlite seam and thought it would be wise to sell his land to Big Jim. Hark offered to remark up $800 from Big Jim in exchange for his land this offer constitutes as a tentative promise made by one party (Hark), perhaps subject to some ascertain. Big Jim agreed. At this point, Big Jim (being the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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