Little timmy signs a contract with big brad to buy big, Ask an Expert

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Little Timmy signs a contract with Big Brad to buy Big Brad's 640-acre for $3,200,000. Big Brad orally offers to sell Big Brad's house in town for another $100,000. Little Timmy orally accepta that offer. At closing, Little Timmy tenders $3,300,000 for the ranch and the house. Big Brad accepts the $3,200,000 for the ranch and signs the deed. Big brad, however, refuses to sell the house for $100,000, and refuses the $100,000 tendered by Little Timmy. Little Timmy sues Big Brad for specific performance to buy the house. Who will prevail? Why?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93136762

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