Derrick offered to purchase Perry's vehicle for $3,050 cash,with Perry to deliver the vehicle the next Wednesday,at which time Derrick would pay the $3,050.On the Wednesday,when Perry did not deliver,Derrick went to Perry's home,and found him in his garden.Derrick offered Perry the money,but Perry refused,saying that he had changed his mind,and did not wish to sell his automobile.
-If Perry refused the tender of the exact amount of money,Derrick would be entitled to take legal action against Perry for breach of contract.

Question

Quizplus · Accepted Answer

Perry and Derrick had entered into a contract wherein Perry agreed to sell his vehicle to Derrick for $3,050 and deliver it on Wednesday. Perry's refusal to sell the vehicle and accept the money constitutes a breach of contract, and Derrick would be entitled to take legal action against him.

Derrick Offered to Purchase Perry's Vehicle for $3,050 Cash,with Perry