Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Rebecca entered into a written contract to sell certain real estate to Mary, a minor, for $80,000, payable $4,000 on the execution of the contract and $800 on the first day of each month thereafter until paid. Mary paid the $4,000 down payment and eight monthly installments before attaining her majority.

Thereafter, Mary made two additional monthly payments and caused the contract to be recorded in the county where the real estate was located. Mary was then advised by her lawyer that the contract was voidable.

After being so advised, Mary immediately tendered the contract to Rebecca, together with a deed reconveying all of Mary's interest in the property to Rebecca. Also, Mary demanded that Rebecca return the money paid under the contract. Rebecca refused the tender and declined to repay any portion of the money paid to her by Mary. Can Mary cancel the contract and recover the amount paid to Rebecca? Explain.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92187646

Have any Question?


Related Questions in Business Management

Identify five sources of information that needs to be

Identify five sources of information that needs to be gathered to allow you to monitor whether or not each service has been properly delivered.

Which of the listed qualities of leaders and managers did

Which of the listed qualities of leaders and managers did the nurse manager display? Which behaviors? Which ones did the nurse manager not display?

1 what is a trade deficit are trade deficits good bad

1. What is a trade deficit? Are trade deficits good, bad, or neutral? 2. Why does the U.S. have a trade deficit with Japan, according to the op-ed?

Aaninformationretrievalsystemhasacertainpairofaverageprecisi

(a) An information retrieval system has a certain pair of average precision and recall values when the system returns 10 documents in response queries. Would the precision and recall rate remain unchanged if the system w ...

The following block of code works well accept for the fact

The following block of code works well accept for the fact that when it attempts to calculate the average temperature in a given amount of days, it does some math wrong. I put in a printf statement to isolate the problem ...

Prove the sieve of eratosthenes algorithm has runtime

Prove the Sieve of Eratosthenes algorithm has runtime complexity ≤ O(n log log n). Sieve Input: an integer n > 1. Let A be an array of Boolean values, indexed by integers 2 to n, initially all set to true. for i = 2,3,4, ...

List the organizational characteristics or factors that

List the organizational characteristics or factors that have contributed to their longevity. You do not have to select any specific companies to report on. Instead, report on the research that explains long term success ...

If the price of good a falls from 4 to 3 and the quantity

If the price of good A falls from $4 to $3 and the quantity demanded of good B rises from 2 to 4, what is the cross-price elasticity of demand? Are these goods complements or substitutes?

The contracts manager at a company needs to make a large

The contracts manager at a company needs to make a large legal document available to an overseas customer. However, she has some challenges: The document contains sensitive information; it is too large to send via e-mail ...

Use the management studio to create a new database called

Use the Management Studio to create a new database called the default settings(If the database already exists, use the Management Studio to delete it and than create it.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As