Glenda sues john demanding specific performance of the


On June 1 Glenda receives a call from an acquaintance, John, offering to sell her a small one story building for $50,000 that she needs for her startup computer consulting business. She needs to respond by June 10. Glenda mulls over the offer and thinks the price is too high so she calls John on June 7 and says that she will buy the building for $42,000. John says he doesn't know and will think about it. John decides not to get back to Glenda and calls Clara offering to sell the building to her for $52,000 on June 8. Clara accepts his offer on June 9. Glenda on not hearing from John drops by the property and finds Clara who tells her she has bought the property. Glenda, irate, calls John on June 10 and accepts his offer for $50,000. John refuses that acceptance. Glenda sues John demanding specific performance of the agreement on the building. Who will prevail? Why? Address all issues that are present. What additional facts, if any, do you need to know? Your answer should be at least 100 words. (For your information, this problem is 185 words).

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Financial Management: Glenda sues john demanding specific performance of the
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