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Lena [83]
2 years ago
12

The owner of an undeveloped lot agrees to sell the lot to a buyer. The written agreement identifies the parties, describes the p

roperty in sufficient detail, specifies the price to be paid, and spells out the payment terms. The agreement is signed by the owner. In accord with the agreement, the buyer pays the required down payment to the owner. Subsequently, the buyer constructs a garage on the lot as the first step towards building a three-story residence, but, due to a financial reversal, abandons his construction efforts.
May the seller bring an action to compel the buyer to complete the purchase?
Business
1 answer:
rjkz [21]2 years ago
6 0

Yes, due to the doctrine of part performance.

<h3>How would the seller compel the buyer to complete the purchase?</h3>

A contract between the parties is strongly suggested by the buyer's activities, which include paying a portion of the purchase price to the owner and building a garage on the property (which is a considerable improvement of the lot). In order to require particular fulfillment of a land sales contract, either party may use the theory of part performance.

Learn more about the doctrine of part performance here:

brainly.com/question/15120702

#SPJ4

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The product life cycle is theoretically __________ with regard to sales and profits. Group of answer choices U shaped Y shaped b
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Google Ads was designed to help businesses achieve online success. To accomplish this, Google Ads was built on three core princi
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5 0
3 years ago
Suppose an economic boom causes incomes to increase. Assume that smartphones are a normal good. This will cause the_____________
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Answer: Option (D). demand for smartphones to increase, and both the price of smartphones and quantity of smartphones traded would rise.

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Answer:

Manufacturing overhead rate variance= $2,600 favorable

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Giving the following information:

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To calculate the variable overhead rate variance, we need to use the following formula:

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Manufacturing overhead rate variance= $2,600 favorable

7 0
3 years ago
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