This paper circulates around the core theme of Mary agrees by written contract to sell Blackacre together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Mary agrees by written contract to sell Blackacre to Jan for $200,000. The closing date for the contract is set for 2 months away to allow for financing, inspection and so forth. One month prior to closing, Jan tells Mary she will only purchase for only $180,000. Mary agrees. At the closing, Mary changes her mind and tells Jan that she must pay the entire $200,000 or Mary will sue. Who will win such a dispute, and why? Examine the element of consideration.