Contract Paper

In: Business and Management

Submitted By bmiesfeld
Words 641
Pages 3
In the Raymond Bourque case, Raymond made a written offer to the FDIC on a property for $105,000. The FDIC did not accept this offer and came back with invitation to buy the property for $130,000. Raymond then accepted the invitation of $130,000 by sending in an amended purchase and sale agreement. Both parties in this case had the capacity to understand what they were doing at the time. Neither were intoxicated or had any medical issues that would prove otherwise. I did not see anything in this case that was done illegally. When Bourque’s attorney wrote to the FDIC account officer, there was a mistake made by the assistant. As the assistant told the attorney that the account officer was handling the property, they forgot to tell the attorney that the account officer had limitations on selling the property. The FDIC also should not have cashed Bourque’s $10,000 check after accepting another offer. There were some forms that were sent back and forth between Bourque and the FDIC. The first form sent was the signed FDIC purchase and sale agreement. The account officer then wrote back advising Bourque that they had a counter offer. Bourque then accepted this counter offer by sending in an amended purchase and sale agreement. The FDIC cashed his check and later told him they had accepted a higher offer. Bourque then sued for the benefit of his bargain. Bourque also did not know that the account officer did not have the authority to sell the property.
In the Robinson case, Letha Robinson sued Delta for injuries that happened to her while in the airport. While in court, Delta offered $60,000 to Letha and she verbally told her lawyer to accept the offer. Both parties in this case had the capacity to understand their offers and acceptance. Both the offer and acceptance were done legally. There wasn’t anything in the case that was done illegally. While reading I only found…...

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