Thank you for visiting The Roberts family received news that Jo Anne Roberts was promoted to Corporate Vice President requiring a move to New York City from Los Angeles. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Jo-Anne Roberts' ability to keep the apartment after the owner's retraction depends on contract formation and her reliance on the purchase agreement. The case would be complicated lacking a written contract, which is typically required for real estate transfers. The final outcome hinging on the application of relevant laws and specific circumstances of their verbal agreement and actions.
The ability of Jo-Anne Roberts to keep the apartment after the owner calls off the deal hi nges on the legal principle of contract formation and performance. When Jo-Anne wired the initial $500,000 and subsequently another $500,000 payment without explicit or implicit retraction of offer or rejection from the owner, she may have a reasonable belief that a binding contract was formed. The redecoration and relocation of the Robert's family also indicate reliance and performance on their part, which may lead to an enforceable claim of specific performance under contract law, or compensation for her losses arising from the owner's breach.
However, it should be noted that real estate transactions typically require formalities such as a signed, written contract to be enforceable under the Statute of Frauds. Without such a contract, the enforceability of Jo-Anne's claim could be challenged. Furthermore, the details of any verbal agreements, and the actions and communications of both parties would be carefully analyzed should this matter be brought before a court.
Ultimately, whether Jo-Anne can keep the apartment or must be compensated for her improvements and relocation expenses, will depend on the specific facts of the case and the application of relevant real estate and contract laws.
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Rewritten by : Jeany
Answer:
Of course Jo-Anne Roberts can keep the apartment.
Explanation:
Jo-Anne and the previous owner of the apartment had a valid contract by which Jo-Anne was to pay $3.7 million for the apartment. She has already partially completed her performance on the contract, so the seller must perform his part of the contract.
