Case+Studies

=**What's your verdict?**=

The Petersons had placed their factory building on the market for $950,000. Robert, a developer, was interested in buying it, but he needed time to persuade a group of investors to join him in a syndicate to purchase the building. Robert offered $10,000 to the Petersons to keep the offer open to her alone for 60 days. The Petersons accepted the money.

Are they now legally bound to keep the offer open to Robert? Why or why not?


 * Please post an answer in full, complete sentences. After you post an answer, you must respond to at least 1 post from a classmate.**