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8. Crystal sold her 10-acre lot of vacant land to Monica for…
8. Crystal sold her 10-acre lot of vacant land to Monica for $100,000. At closing, Crystal delivered a deed to Monica. Shortly after closing the purchase, Monica realized that there was an easement to the local sewer company to use the vacant land as a holding ground for their garbage trucks. If Monica sues Crystal for breach of covenant and loses, which of the following, if true, would provide the strongest legal argument for Monica losing?
8. Crystal sold her 10-acre lot of vacant land to Monica for…
Questions
8. Crystаl sоld her 10-аcre lоt оf vаcant land to Monica for $100,000. At closing, Crystal delivered a deed to Monica. Shortly after closing the purchase, Monica realized that there was an easement to the local sewer company to use the vacant land as a holding ground for their garbage trucks. If Monica sues Crystal for breach of covenant and loses, which of the following, if true, would provide the strongest legal argument for Monica losing?
In Mаrch, Jоrdаn, а renewable energy supplier, agreed in a valid written cоntract tо sell to Bright Future Energy Corp. (Bright), 500 solar panels on August 15, at $1,000 per panel, payable upon delivery. On June 1, Jordan sent Bright the following email: “Supply chain delays in April and May have pushed back production. Delivery will be two weeks late.” Bright replied: “Understood.” On June 8, an employee of Green Trust Bank (Green Trust), where both Bright and Jordan had accounts, informed Bright that the delays had significantly impacted Jordan’s inventory, and that Jordan might not be able to fulfill all his contracts. Bright called Jordan and asked about the banker’s comment. Jordan said:“I won’t know until June 25 whether I’ll have enough panels for all my contracts.” Bright replied:“We need a definite answer by June 15, or we’ll source the panels elsewhere.” Jordan did not contact Bright by June 15. On June 20, Bright contracted to buy the 500 panels it needed from Ecotec Manufacturing for $1,100 per panel. On June 23, Jordan told Bright:“Crisis averted. I can deliver all 500 panels.” Bright replied:“Too late. We’ve already made other arrangements. You owe us $50,000.” Concerned about quickly finding another buyer, Jordan sold the 500 panels to a commercial installer for $950 per panel. Jordan sued Bright for breach of contract. Bright countersued Jordan for breach of contract. Discuss.