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Rasmussen College Contract Law Real Estate Aspect Questions

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Instructions

Review the situation and conduct scholarly research on contract law. Write a brief in Microsoft Word (minimum two pages) that analyzes the legal and ethical issues involved in the business situation. Specifically, describe the legal theory of a claim, appropriate court level, classification of law, and likely ethical issues that exist. Address the following:

  • What are the elements for a valid contract involving a real estate transaction? Do your comments to the owner constitute a valid contract? why or why not?
  • If the initial buyer wants to sue the homeowner for breach of contract, what court(s) would have jurisdiction and why?
  • If the initial buyer wants to sue you for intentional interference with contractual relations, what court(s) would have jurisdiction and why? Could the initial buyer sue your company? Why or why not?
  • What ethical issues are involved in this situation (consider any personal conflicts of interest and any professional obligations you owe to your company)?
  • Be sure the brief displays proper grammar, spelling,punctuation, sentence structure, and references and brief in APA format.

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