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Author Question: Jim agreed to pay Jose 1,000 by check, provided he is able to sell his farm. However, he did not ... (Read 163 times)

Mr. Wonderful

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on: Jun 24, 2018
Jim agreed to pay Jose 1,000 by check, provided he is able to sell his farm. However, he did not mention the number of days it would take for him to sell the farm nor did he provide a contingency date. Which of the following is legally permissible in this scenario?
 A) Jose can take possession of Jim's farm as repayment.
 B) Jim's promise to pay is valid as he has offered Jose the money.
 C) Jim can wait till he sells the farm and then pay the money.
 D)Jim's promise to pay is conditional and Jose should ask for a negotiable instrument.

Question 2

A building is essential to warehousing.
  Indicate whether the statement is true or false


parshano

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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