You are in charge of real estate acquisitions for Malvern Associates, Inc., a real estate development company. Malvern is interested in purchasing for $5 million a shopping center owned by Carson Properties, Inc. which owns and manages several shopping centers.
(A) Draft an offer to purchase the shopping center. State terms which meet the requirements of the law plus give you the most control of the offer. Describe the relevant law.
(B) Now you represent Carson. Your company believes the price is too low. Draft a response to the Malvern offer making sure to leave your options open. Discuss the relevant law.