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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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3 years ago
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were origina
ruslelena [56]

Answer:

55,000 shares

Explanation:

Given that

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Thus. Net number of shares issued

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Number of outstanding shares therefore is 55,000.

NOTE that, outstanding shares refer to the number of shares that has been issued, purchase or authorized by investors, that is, the number of shares currently held by all is shareholders.

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3 years ago
In the u.s. surgeons earn a median salary of $365,885, which puts them at the ________ of all income.
nataly862011 [7]
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6 0
4 years ago
Southern Pride Industries would like its Alabama Division to sell 30000 units to its Arkansas Division for a price of $39. The A
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Answer:

The minimum transfer price that the Alabama Division should accept is $60 per unit.

Explanation:

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the minimum price to be charged is :

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Minimum transfer price = $60 per unit.

Therefore, The minimum transfer price that the Alabama Division should accept is $60 per unit.

7 0
4 years ago
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8 0
3 years ago
Read 2 more answers
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