Anton offered to sell his house to Bart who was interested in buying the same for P200,000.00. In his letter to Bart, Anton stated that he was giving Bart a period of one month within which to raise the amount and that as soon as Bart is ready, they will sign the Deed of Sale. One week before the expiration of the one-month period, Anton went to Bart and told him that he is no longer willing to sell the property unless the price is increased to P250,000.00. May Bart compel Anton to accept the P200,000.00 first offered, and execute the Deed of Sale? Reason.
Anton offered to sell his house to Bart who was interested in buying the same for P200,000.00. In his letter to Bart, Anton stated that he was giving Bart a period of one month within which to raise the amount and that as soon as Bart is ready, they will sign the Deed of Sale. One week before the expiration of the one-month period, Anton went to Bart and told him that he is no longer willing to sell the property unless the price is increased to P250,000.00. May Bart compel Anton to accept the P200,000.00 first offered, and execute the Deed of Sale? Reason.
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 54P
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Anton offered to sell his house to Bart who was interested in buying the same for P200,000.00. In his letter to Bart, Anton stated that he was giving Bart a period of one month within which to raise the amount and that as soon as Bart is ready, they will sign the Deed of Sale. One week before the expiration of the one-month period, Anton went to Bart and told him that he is no longer willing to sell the property unless the price is increased to P250,000.00. May Bart compel Anton to accept the P200,000.00 first offered, and execute the Deed of Sale? Reason.
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ISBN:
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Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT