Question

Sally enters into an agreement to have Michael, a real estate agent, sell her home for $300,000. Michael gets an offer from a potential buyer for $280,000, but doesn’t bother telling Sally about it because he thinks it is too low. Sally finds out later and she is furious. She wants to know—did Michael do anything wrong?

Answer 1

Answer

Michael did not do anything wrong. This is because as per the agreement between Sally and Michael, Michael is obliged to tell Sarah about the potential buyers if they are willing to pay at least $300000 for the house. As per the terms of the agreement, there is no condition specified that Michael should tell abourt any/ all potential buyers who are willing to buy the house for a lesser price.

If this was not the case, even a price as low as $20000 should be told by Michael, which does not make sense. Hence, Michael was not wrong.