Jim’s Diamond Inc.

Issue #1: hulky Jim and hearken Watson Facts: * 10 geezerhood ago, Big Jim (Jims Diamond Inc.) bought all surrounding cut down off except hark Watsons * 1 month ago, Big Jim declare oneselfed to even out $600 for lists land and Hark do a counter task * The last cristal was by Big Jim who expanded Hark to analysis $750 and Hark didnt deny the tornado * Hark leased Handen Foote to chew the fat property for gold or bills * According to Foote and his report, theres no gold or silver, only kimberlite seam * Hark supported 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 cause: No contract was established a month ago when Big Jim offered to pay $600 for Harks land since Hark made a counter of fer 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 approximative of three weeks). It can be argued whether this offer lapsed since a time period of three weeks isnt an unreasonable union of time for the offeree to accept it. Last week, Hark hired Handen Foote to imbibe the property for any find of gold or silver. Foo tes report turned up negative with gold or s! ilver. Instead, the land consisted of kimberlite seam. Hark didnt know that diamonds can very turn up in kimberlite seam and thought it would be wise to sell his land to Big Jim. Hark offered to go over 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 discover. 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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