State the rights and obligations of the parties?
A,B, and C oblige themselves jointly to deliver to D a particular horse on a certain date.The agreement among A,B, and C which was made known to D is that they will contribute the amount in buying the horse. The horse was not delivered on the due date because of the failure of B to give his share of the purchase price.
Answers:
You really weren't paying attention in contracts class, were you?
What was in writing? What part of the agreement was verbal?
If A, B, & C do not deliver the horse to D and D has already paid for the horse, then D can sue A, B & C for his money or the horse.
If A, B & C do not deliver the horse to D and D has NOT paid for the horse, D cannot sue. But, A & C can sue B for the loss of their profit on the sale because B did not fulfill his end of the contract.
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Answers:
You really weren't paying attention in contracts class, were you?
What was in writing? What part of the agreement was verbal?
If A, B, & C do not deliver the horse to D and D has already paid for the horse, then D can sue A, B & C for his money or the horse.
If A, B & C do not deliver the horse to D and D has NOT paid for the horse, D cannot sue. But, A & C can sue B for the loss of their profit on the sale because B did not fulfill his end of the contract.
The Answers post by the user, for information only, FreeLawAnswer does not guarantee the right.
Answer question:
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