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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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A customer's desire for a product coupled with the buying power or resources to obtain that product is called a ________.
Doss [256]
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5 0
2 years ago
When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:
RideAnS [48]

When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account

<h3>What is a unit of account?</h3>

A unit of account is a standard numerical unit of money used for measuring goods and services.

According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.

Learn more on unit of account here; brainly.com/question/12730352

#SPJ12

8 0
2 years ago
When joseph, a restaurant manager, plans, he sets goals and then decides how to achieve them. this is the definition of planning
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3 years ago
Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns
yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

<u>Explanation: </u>

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

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