ASSIGNMENT ID
724388
SUBJECT AREA Mathematics
DOCUMENT TYPE Essay
CREATED ON 22nd October 2018
COMPLETED ON 23rd October 2018
PRICE
$30
18 OFFERS RECEIVED.
Expert hired: Mukiti

I don know just read the instuctions, evrything is there

This is your class paper assignment, worth 10% of your final grades. This is assignment is due on Friday, October 12th, 2018 at 11:59pm.You are an assistant to the attorney for ABCD company. To complete this assignment you must write a two-to-three page report discussing the issues and likely outcome of the case below: Several months ago, WXYZ Co. CEO met with ABCD’s CEO for lunch to discuss potential business ventures between both companies. After several glasses of wine WXYZ’s CEO offered to buy from ABCD a 20 acre parcel of waterfront land located in the Florida Keys. WXYZ’s purchase offer was for $50 million but ABCD’s reply was that it would sell the land only at $70 million. Since WXYZ had so much interest in this piece of land, its CEO told ABCD that he would have to meet with the rest of its board to make a decision but that he would pay ABCD $10,000 to keep the option to buy the land open for 30 days. ABCD’s CEO, agreed and wrote in a piece of paper that in exchange for $10,000 ABCD was giving WXYZ the option to buy the land in question within 30 days at a $70 million price. WXYZ then gave ABCD’s CEO a $10,000 check which they promptly cashed. On day 20th, WXYZ met and it unanimously agreed to buy the land from ABCD at $70 million. That same day, its CEO sent ABCD’s CEO a fax confirming that they were accepting ABCD’s offer to buy the land. Upon receiving the fax, ABCD’s CEO called WXYZ to inform them that the offer was off the table and that the price for the land was now $90 million which WXYZ refused to pay. Two days later billionaire Richie Moneymaker offered to buy the land from ABCD for $100 million. WXYZ is now demanding that ABCD honor its word and sell them the land for the original offered price.
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22 October 2018
User created a project for Mathematics
22 October 2018
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22 October 2018
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22 October 2018
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23 October 2018
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23 October 2018
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23 October 2018
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