In September, Peter assumed the good economy of the last three years would continue; he thus contracted with John to buy John's stock shares in exchange for $10,000 U.S. on November 12. However, after the sale, the market crashed in December, and Peter lost heavily. Peter:

Legend Corp., a construction contractor, put in a bid to construct a high-rise commercial tower at a price of $109 million for ABC, Inc., which ABC accepted. The bid was prepared by a secretary who typed the incorrect price of $101 million rather than $109 million, making it the lowest bid by far. What is the likely result?

Which of the following is an example of fraudulent misrepresentation (fraud)?

Homeowner Samantha answered "no" when home inspector Isaac, on behalf of buyers Bob and Betty, asked whether her home had any termite damage pursuant to the parties' contract. One day later, Bob and Betty visited the property and discovered that the floor had collapsed from termite damage. Bob and Betty ____ the contract because of Samantha's fraudulent misrepresentation (fraud).

David entered into a contract to sell land to Roberta, knowing that she intended to build a high-rise commercial tower. David was aware that the subsurface soil condition would prevent high-rise construction. That condition was not readily discoverable from Roberta's visual inspections, i.e., latent. David did not disclose the condition to Roberta. David's silence as to the condition:

Bob's threat -- to breach his existing contract with Lauren unless she agrees to enter into another contract with Bob -- is considered ___.

Harry threatened Jane that he would harm her family if she did not enter into a contract with him $5,000 over the normal price for his roofing service. Jane reluctantly agreed to pay the extra money. The contract as revised is ___.

Hally took advantage of a confidential, trusting relationship with Gwen when they entered into a contract that benefited Hally but not Gwen. Now, upon finding out that truth, Gwen can seek to rescind the contract based on ____.

Harry is required to complete the roof on Jeff's house by May 5th. However, Harry would have to complete the roof within a reasonable time if ___.

If Nina in good faith performed substantially all of the terms of her contract with Mark, he ___.

On October 1st, Andrew agreed to start painting a life-size portrait of Ina on November 20. However, on October 28, Andrew emailed Ina to say another commitment would prevent him from painting the portrait. Andrew's act is ___, and Ina can sue Andrew ___.

Kyle promised to mow Heidi's small front lawn for $60 and clean Heidi's gutters for $200 on Friday. But he only mowed the lawn on Friday, left the property, and never returned. Kyle ___.

On March 1, Kevin contracts with Bob to buy his house for $325,000 on May 4. Which of the following would most likely be an example of the doctrine of impossibility that a court could use to terminate the contract?

Fred is behind on monthly payments to DuPont Credit Union regarding $5,000 he charged on his credit card. If he makes a reasonable argument to formally dispute the amount owed, and if DuPont then agrees to take 30% less than the $5,000 amount from Fred as payment in full, the parties have used ___ to discharge their obligations under contract.

Mary and Mac had 30 days to finalize their mortgage under a contract to buy Bob's home, but they failed to meet that deadline. Fifteen days after the deadline passed, Bob still had not confronted Mary & Mac about their failure to meet the contract's mortgage requirement deadline. Bob likely ___.

On April 2, Winston contracted to sell his house to Perry for $500,000 on July 1. Between April 2 and May 20, economic conditions caused the house and comparable houses nearby to decrease to a fair market value of $450,000. On May 20, seller Winston breached the contract. If Perry sues Winston, he can recover ___.

On February 26, Maria contracted with Joe to fix a hole in his house's roof for $500 by March 1, and he gave her a $500 check. Maria cashed Joe's $500 check on February 27. Maria did not appear on March 1 and failed to respond to Joe's multiple voicemails and emails. To prevent spring rains from pouring into the hole, Joe rented a tarp on March 1 at $5 per day for 20 days ($100 total) until he could find a replacement contractor to fix the roof. He found a new contractor to fix the room by March 18 at a greater cost of $700. On March 7, Joe sued Maria for breach of contract, requesting restitution of ____, compensatory damages in the amount of ____ and incidental damages in the amount of _____.

Wyatt contracted with Pete to buy Pete's farmland for $90,000. The entire sales price was not payable until the closing. Before closing, Pete changed his mind, decided to keep the land, and refused to sell to Wyatt. If Wyatt sues Pete, and if Pete has not yet sold the land to a third party, what remedy will Wyatt request? What remedy will he request if Pete already sold the land to a third party before receiving service of process?

Lana agrees to work as Michelle’s personal assistant for one year but dies in the ninth month of the contract. Lana’s death...

Dwelling Inc. enters into a contract with Estate Management to manage and maintain Dwelling’s apartment complex. Their contract contains a clause that limits Estate’s liability except in cases of gross negligence or willful misconduct. With respect to this clause, a court would most likely...

Commercial Rebuild LLC enters into a contract to remodel Dockside Marina, agreeing to use only products from Eagle Supplies. Halfway through the project, Commercial refuses to finish the job. The contract can be enforced against Commercial by...

County Title Company processes information furnished by others to transfer title to real estate from Dali to Ezra. The furnished information is mistaken. The contract between Dali and Ezra may be rescinded because the mistake...

Reed agrees to sell his Sports Equipment store to Jantae. As part of the sale, Reed promises not to open a similar, competing store anywhere ever. This promise is most likely...

Title to real estate is best defined as:

What grade do you think you will get?