When Gordon Told Hanson That He Was Considering Selling His

question 33

Essay

When Gordon told Hanson that he was considering selling his house, Hanson offered to buy it. Gordon and Hanson entered into a contract in which Hanson paid Gordon $1,000 in cash for the right to buy Gordon's house for $150,000 in the event Gordon decided to sell it. Two weeks later, Jones offered Gordon $200,000 for his house, and Gordon agreed to sell it to her for that amount. Hanson sued Gordon to force Gordon to sell the house to him for $150,000, rather than to Jones for $200,000. Identify the probable result of the action. What type of contract, if any, was entered into between Gordon and Hanson?

---

Definitions:

Workforce Planning

The strategic process used by organizations to ensure they have the right number of people with the right skills at the right time to achieve their business goals.

Labour Availability

The quantity and quality of available workforce within a specific market or region.

Organizational Strategy

A long-term action plan designed by an organization to achieve its objectives and fulfill its mission, considering internal and external environments.

Employment Categories

Classification of jobs based on criteria such as duration, nature of the job, and employee status.