Business Law Unit 4 Question 3

Begin each written assignment by identifying the question number you are answering followed by the actual question itself (in bold type). 

• Use a standard essay format for responses to all questions (i.e. an introduction, middle paragraphs and conclusion). 

• Responses must be submitted as a MS Word Document only, typed double-spaced, using a standard font (i.e. Times New Roman) and 12 point type size. 

 Undergraduate courses: 350 – 500 words or 1 – 2 pages. 

 Plagiarism All work must be free of any form of plagiarism. Put written answers into your own words. Do not simply cut and paste your answers from the Internet and do not copy your answers from the textbook. Be sure to refer to the course Syllabus for more details on plagiarism and proper citation styles. 

Question 3) Betty has applied to General Motors to obtain a dealership in Smalltown. In order to be granted a dealership, Betty must have a showroom, so she contracts with Bob to buy a building that would be suitable for a showroom. Bob knows that Betty has applied for a dealership and he knows that Betty wants this building for an auto showroom. After the contract for the sale of the land and building is signed, but before the transaction is completed, Betty is notified that she will not receive the G.M. dealership. Betty refuses to pay for Bob’s land and building. Bob sues. What results? What is Betty’s best defense for not performing this contract? Unit 4