York University - CONTRACTS 10Final Project

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Exercise 31-2 Aircraft Purchase Agreement Memorandum To: D. Fender From: H. Flighty Date: October 10, 20X2 Re: Purchase of the Icarus I-800 As you know, I have not finalized my deal with Rob Ro... bertson. I think that deal will fall through. If it does, I suspect my entire net worth will be at risk as I have yet to find financing to consummate the I-800 purchase from Samson’s company. Last evening, Sam called and asked why my lawyers hadn’t sent out a draft agreement. I told him that I would see what was holding you up. Obviously, what was holding you up was that I hadn’t asked you to draft the rest of the agreement. Now, however, we must go forward. Please do not reinvent the wheel on this transaction. I have attached to this memo as Exhibit A a document that combines (a) the draft I gave you that had the preamble, recitals, words of agreement, and definitions (the First Draft); and (b) representations and warranties, covenants, and conditions from an Asset Purchase Agreement that a friend of mine used in another transaction. I have also attached a photo of the I-800 and some marketing literature. I thought you might be interested to see what I’m buying. [Show More]

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