Contracts ?
Posted: Wed Dec 21, 2011 1:02 am
Please let me know what issues could be raised....
Client told real estate agent to go forward and advertise his house for $445,000. He also told her he was prepared to accept any offer above $415,000. Real estate agent told client that she thinks X might buy the house at that price. She puts the ad in the paper running it at 450K. Real estate agent calls and tells client that she just negotiated with X and that he agreed to buy the house for 415K. Client told real estate agent, he would not sell to X unless someone gave him, a guarantee that X would go through with the deal and pay 415K because he knew X and doubted X would be able to raise the money. Real estate agent told client not to worry, he had her promise and guarantee that X would honor the deal and pay the purchase price.
Two weeks later realtor calls client and says she got a letter from X saying he could not raise the money and therefore could not go through with the deal to buy the house.
What claims does client have against X?
Client told real estate agent to go forward and advertise his house for $445,000. He also told her he was prepared to accept any offer above $415,000. Real estate agent told client that she thinks X might buy the house at that price. She puts the ad in the paper running it at 450K. Real estate agent calls and tells client that she just negotiated with X and that he agreed to buy the house for 415K. Client told real estate agent, he would not sell to X unless someone gave him, a guarantee that X would go through with the deal and pay 415K because he knew X and doubted X would be able to raise the money. Real estate agent told client not to worry, he had her promise and guarantee that X would honor the deal and pay the purchase price.
Two weeks later realtor calls client and says she got a letter from X saying he could not raise the money and therefore could not go through with the deal to buy the house.
What claims does client have against X?