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Essay / Research Paper Abstract
This 3 page paper provides an overview of the case involving the attorney for Owen Lotts and Mr. I.M. Bibe, stating the reasons that Bibe is bound by the contractual agreement made with Mr. Lotts. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: MH11_MHcontrlw9.rtf
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Unformatted sample text from the term paper:
advice in regards to the contract that you signed with him on May 2, 2011. At the time that Mr. Bibe began contract negotiations regarding the purchase of Mr.
Lotts coffee shop, he had not been drinking excessively, and discussions of the potential purchase were encouraged. Mr. Bibe entered into a contract later that day, but was not
intoxicated enough to drive home and wake up the next morning with a full understanding of the contract into which he had entered. Though your client maintains that Mr.
Bibe was intoxicated enough to render him incapacitated and unable to make contractual decisions, it appears from this own statements about the events that occurred that Mr. Bibe is simply
experiencing buyers remorse. In your own letter, you state that Mr. Bibe noted the number of bottles of wine that had been
consumed, that he remembered very clearly that Mr. Lotts returned with a piece of paper and that he could note the information on the contract clearly , specifically stating that
Mr. Lotts had written: "I, Owen Lotts, agree to sell, and I.M. Bibe agrees to purchase The Coffee Shop at 12 N. Main Street for the sum of $300,000."
Regardless of the alcohol consumption at the time, Mr. Bibe had a clear understanding of the contract that he was signing, confirmed that he was indeed agreeing to the
contract, and subsequently signed the paper. At no time did Mr. Bibe appear incapacitated in terms of decision-making and even the day after the events, appeared to recall everything
that had occurred. In your letter, you applied the case of Guidici v. Guidici, 2 Cal.2d 497 (1935), in which the court
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