Facts:
* 10 days ago, Big Jim (Jims Diamond Inc.) bought all surrounding drop off except Hark Watsons
* 1 month ago, Big Jim declare oneselfed to even out $600 for Harks land and Hark made a counter project
* The last cristal was by Big Jim who offered Hark to digest $750 and Hark didnt deny the offer
* Hark hired Handen Foote to chew the fat property for gold or silver
* According to Foote and his report, theres no gold or silver, only kimberlite seam
* Hark offered to cuckold his property for $800 to Big Jim and showed him Footes report
* Big Jim current Harks offer for $800, with closing in 2 weeks
* 3 days ago, Hark discovered diamond in the kimberlite seam
* Hark now wants to revoke the deal and claims to be misled
Analysis of the Case:
No contract was established a month ago when Big Jim offered to pay $600 for Harks land since Hark made a counter offer of $1000. The two of them made a number of offers and counteroffers. The last open up offer was by Big Jim who offered to pay $750 for Harks land. This time, Hark didnt deny the offer. The offer remained available for or so time period. In this time, Big Jim didnt revoke the offer.
This offer was available for a reasonable heart of time (an jolty of three weeks). It can be argued whether this offer lapsed since a time period of three weeks isnt an unreasonable amount of time for the offeree to accept it.
Last week, Hark hired Handen Foote to realize the property for any find of gold or silver. Footes report turned up negative with gold or silver. Instead, the land consisted of kimberlite seam. Hark didnt know that diamonds can truly turn up in kimberlite seam and thought it would be wise to sell his land to Big Jim. Hark offered to watch up $800 from Big Jim in exchange for his land this offer constitutes as a tentative promise made by one party (Hark), perhaps subject to some teach. Big Jim agreed. At this point, Big Jim (being the...If you want to get a full essay, order it on our website: Ordercustompaper.com
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