Person M contracted to sell his car to person H for $ 18,500. It was agreed that M will deliver the vehicle on Wednesday and H will settle the payment on Friday. On Tuesday, H conveyed his decision of not buying the car from M. However, by Friday, H tendered the agreed sum to M. M turned down the contract and H filed a lawsuit for breach of the contract. M contended anticipatory repudiation freed him from the contractual liability. To find: Whose claim will be held true in the given case.

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James sold his 1965 e-type Jaguar car to Shirley for $18,500. During the negotiations James claimed that the car was actually a 1963 model, which were rarer, and therefore more valuable. Shirley, who was 17 at the time of purchase, bought the car on the understanding it was the 1963 model. Are all the elements of a valid contract present? Explain your answer.

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Chapter 14, Problem 2BS

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Case summary: Person M contracted to sell his car to person H for $18,500. It was agreed that M will deliver the vehicle on Wednesday and H will settle the payment on Friday. On Tuesday, H conveyed his decision of not buying the car from M. However, by Friday, H tendered the agreed sum to M. M turned down the contract and H filed a lawsuit for breach of the contract. M contended anticipatory repudiation freed him from the contractual liability.

To find: Whose claim will be held true in the given case.

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