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Jon Cady hired Telifair Reality to find a buyer for his house. On July 8, an offer to purchase was presented to Jon Cady. This offer was signed "Reta May Johnson by Jared Johnson, son" as purchaser. After studying the offer, Jon Cady accepted it; closing was scheduled for August 25. On that date, the purchaser did not appear. Reta May Johnson notified the the sellar and the real estate agent that she did not intend to complete the transaction. She requested that her earnest money be refunded since she was not bound to the sales contract. She argued that her son was not authorized in writing to bind her to a real estate agreement. Jon Cady and Telfair Reality sued to recover their respective damages resulting from this breach of contract. Was Mrs.Johnson liable for a breach of Contract? Explain

Operation Management, Management Studies

  • Category:- Operation Management
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