Land Sale Agreement Between Wally and Robert
What is the result of the land sale agreement between Wally and Robert?
A) Robert wins; this is an enforceable contract with complete and definite terms.
B) Robert wins; the UCC will decide which 40 acres are to be sold.
C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate.
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Answer:
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
In this scenario, Wally owns 200 acres of land and offers to sell it to Robert for $1,500 per acre. Robert responds by expressing interest in buying 40 acres at the same price. Wally agrees, but does not specify which 40 acres he is willing to sell.
Later on, Wally changes his mind and refuses to sell any land to Robert. In this case, the agreement is considered too indefinite because the specific 40 acres of land to be sold were not identified. This lack of clarity makes the agreement void and unenforceable.
Therefore, the correct outcome is that Wally wins as the agreement lacked the necessary details to make it a valid contract. It is important for contracts to have clearly defined terms to avoid misunderstandings and disputes.