5. The Dukes leased land from Lillian Whatlev. Toward the end of their lease, th

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5. The Dukes leased land from Lillian Whatlev. Toward the end of their lease, they sent contract, renewing the lease for three years and giving themselves the option to buy the land at any time during the lease for $50,000. Ms. crossed out the clause giving them an option to buy. She added a sentence at bottom, saying, "Should I, Lillian Whatlev, decide to sell at end [sic] of three years, I will give the Dukes the first chance to buy." Then she signed the lease, which the Dukes accepted in the changed form. They continued to pay the rent until Ms. Whatley sold the land to another couple for $35,000. The Dukes sued. Are Whatley the the Dukes entitled to the land at $50,000? At $35,000? 6. In the bleachers... You're a prince, George!" Mike exclaimed. "Who else would give me a ticket to the big game?" "No one, Mike, no one." "Let me offer my thanks. I'll buy you a beer!" "Ah," George said. "A large beer would hit the spot right now." Small. Let me buy you a small beer." Mike stood and took his wallet from his pocket. He was distressed to find a very small number of bills inside. "There's bad news, George!" he said. What's that?" "I can't buy you the beer, George." George considered that for a moment. "I'll tell you what, Mike," he said. "If you march to the concession stand right this minute and get me my beer, I won't punch you in the face." "It's a deal!" Mike said. Discuss the consideration issues raised by this exchange.

Explanation / Answer

Answer (5) :

Duke Sued for the land sale case.

Duke has sue the case , as Duke had a lease contrat with Lillian Whatley, which says that if Lillian Whatley decided to sale the land at the end of lease contract, then she will give the option to Duke for purchase. As per the contract signed, the Lillian Whatley needs to give the option to Duke to purchase the land, at the end of the lease contract. But Lillian Whatley had already decided to sold the land before the contract ends, then there is no liability of Duke on this sale as per contract, as Lillian had not sold the land after the lease contract, but bfore the lease contract. The decision will not be in favor of Duke. The decision will be in favor of Lillian Whatley.  

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