Business Law

wk3_assignment2.docx

Summarize typical mistakes and remedies for breach of contracts.

The following scenario addresses potential contractual defects. Please read carefully and complete a written assignment as directed below: Jud Wheeler signed a contract to purchase 10 acres of land in Idaho from the Krauses.

If Jud offered the Krauses considerably less for their property than its possible market value and the Krauses accepted the offer, could they avoid the contract on later learning that they might have sold it for a higher price? If Jud offered the Krauses one price and inadvertently typed a different, higher price into the contract, can Jud be held to the typewritten amount?

This individual work should include the following:

· An in-depth submission that should be free of spelling and grammar errors.

· An essay containing a minimum of 200 words.

· You will be assessed on the rationale you use in addressing the questions/issue posted, and how well you justify your argument regarding this issue.

· Your response must be thought provoking, have well developed ideas and/or opinions, and should reference any supporting material from the text, lecture or other sources you have used to complete the assignment.

Apa style, and remember to cite your sources according to APA guidelines.