On February 7, 2015, A entered into negotiations with B for the purchase of B's farm. After consulting with an attorney and having the property appraised, B agreed to sell for $750,000. A and B agreed in writing that in exchange for $1,000 then received from A, B would hold the offer open for nine months. After six months, A wrote B that he was no longer interested in buying the farm. Several days later, A received notice from B that he was negotiating with C to sell the farm for $950,000. A immediately called B, who suggested that if A would agree to pay $875,000 and conclude the deal within 10 days, then B would still be willing to sell to A. A protested that B was driving a hard bargain, but finally agreed by telegram that evening to buy the farm for $875,000 within 10 days. A purchased the farm as agreed and then sought to recover $125,000 from B or alternatively to rescind the purchase (in other words, get out of the contract). What result and why?

Question

​On February 7, 2015, A entered into negotiations with B for the purchase of B's farm. After consulting with an attorney and having the property appraised, B agreed to sell for $750,000. A and B agreed in writing that in exchange for $1,000 then received from A, B would hold the offer open for nine months. After six months, A wrote B that he was no longer interested in buying the farm. Several days later, A received notice from B that he was negotiating with C to sell the farm for $950,000. A immediately called B, who suggested that if A would agree to pay $875,000 and conclude the deal within 10 days, then B would still be willing to sell to A. A protested that B was driving a hard bargain, but finally agreed by telegram that evening to buy the farm for $875,000 within 10 days. A purchased the farm as agreed and then sought to recover $125,000 from B or alternatively to rescind the purchase (in other words, get out of the contract). What result and why?

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The Answer of ​On February 7, 2015, A entered into negotiations with B for the purchase of B's farm. After consulting with an attorney and having the property appraised, B agreed to sell for $750,000. A and B agreed in writing that in exchange for $1,000 then received from A, B would hold the offer open for nine months. After six months, A wrote B that he was no longer interested in buying the farm. Several days later, A received notice from B that he was negotiating with C to sell the farm for $950,000. A immediately called B, who suggested that if A would agree to pay $875,000 and conclude the deal within 10 days, then B would still be willing to sell to A. A protested that B was driving a hard bargain, but finally agreed by telegram that evening to buy the farm for $875,000 within 10 days. A purchased the farm as agreed and then sought to recover $125,000 from B or alternatively to rescind the purchase (in other words, get out of the contract). What result and why?

​On February 7, 2015, a Entered into Negotiations with B

On February 7, 2015, a Entered into Negotiations with B