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Bob Purchased a Home the Contract for Which Contained a Clause

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Essay

Bob purchased a home the contract for which contained a clause that said,"This sale does not include any personal property or fixtures." Bob noticed the provision when he signed the contract to purchase the house but did not worry about it because he had heard that fixtures were always included in a sale of real estate.When Bob moved in he was surprised to find that the refrigerator,a bathroom vanity,and the hardwood floor from the living room had been removed.In addition,two trees had been removed from the back yard.Discuss Bob's legal rights.


Definitions:

Market Price

The existing cost for purchasing or selling an asset or service.

Net Income

The amount a company earns after deducting every cost, expense, and tax from its total income.

Price-Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, used to evaluate if a stock is over or undervalued.

Market Price

The present rate at which a service or asset is being traded.

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