BUS 206 6 1 Case Analysis.docx BUS 206 BUS 206 Module 6 Case Analysis New Hampshire U

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BUS 206 6 1 Case Analysis.docx BUS 206 BUS 206 Module 6 Case Analysis New Hampshire University Lucy v. Zehmer is a U.S. case regarding contract formation and enforceability of a contract in th... e common law. On December 20, 1952, Lucy and Zehmer went to a restaurant owned by Zehmer and had quite a bit to drink while discussing the possibility of selling Zehmers farm. That evening, Zehmer writes on the back of the restaurants receipt: œWe hereby agree to sell to W. O. Lucy the Ferguson Farm complete for $50,000.00, title satisfactory to buyerœ. Here is the image of this famous contract: (Source: Cooley Law School, Western Michigan University) This note was signed by Zehmer and his wife. Shortly thereafter, Lucy hires an attorney to validate the title of the farm and conclude the transaction. Lucys attorney writes to Zehmer asking for when he had the intention to close the deal. However, Zehmer responds stating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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