| If a seller dies before acceptance and buyer is unaware of death?

If a seller dies before acceptance and buyer is unaware of death?

Rob asked:


Chernak, the sole owner of a small business, has a large piece of used farm equipment for sale. He offers to sell the equipment to Bollow for $10,000. Chernak dies prior to Bollow’s acceptance, and at the time she accepts, Bollow is unaware of Chernak’s death. What happens now?

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Comments

One Response to “If a seller dies before acceptance and buyer is unaware of death?”

  1. jayifff on March 19th, 2009 11:59 am

    contract requires mutual assent, if one party is dead, this cannot be achieved. Also apply the reasonable person doctrine…are you in law school?