Rob Smythe collects antique furniture and has been looking for a specific piece to complete a set. He found the furniture at a yard sale at Rob Bibb's house. Smythe told Bibb that he had been looking for that specific piece for several years. He offered $300, which Bibb thought was a very good price. Bibb agreed to sell. Smythe then gave Bibb a significant down payment to hold the furniture until he could pick it up. However, before Smythe could pick up the furniture from Bibb, another buyer offered him an even better deal. Bibb informed Smythe of his intention to sell to the other buyer and offered to return the down payment. Smythe informed him he really wanted the furniture and would sue if necessary. If he does so, Smythe will most likely ask the courts to remedy the breach of contract by ordering specific performance.
Correct Answer:
Verified
Q2: The statute of frauds stipulates that certain
Q3: Compensatory damages refer to monetary payments a
Q5: When contracts don't spell out the conditions
Q6: A precedent is a court ruling on
Q7: The main difference between civil cases and
Q8: When goods are shipped from the seller
Q9: Mark entered into an oral agreement to
Q10: A statute of limitations limits the size
Q11: Mario Wallace is a famous tenor who
Q71: A tort is a private wrong that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents