Colby Contracts in Writing to Sell His 2005 Dodge-Brand Pick-Up

question 36

Essay

Colby contracts in writing to sell his 2005 Dodge-brand pick-up truck to Efrem for $10,500.Colby agrees to deliver the truck on Friday,and Efrem promises to pay the $10,500 on the following Monday.On Thursday,Efrem tells Colby that he changed his mind and will not buy the truck.Over the weekend,Efrem changes his mind again and tenders $10,500 to Colby on Monday.Colby has not sold the truck to another party but refuses the tender and refuses to deliver.Efrem claims that Colby has breached their contract.Colby contends that Efrem's repudiation released him from his duty to perform under the contract.Who is correct,and why?

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Definitions:

Seligman

A psychologist known for his work on learned helplessness, positive psychology, and theories regarding happiness and well-being.

Csikszentmihalyi

A psychologist known for his work on the concept of flow, a state of intense focus and engagement in activities.

Psychologically Healthy

Pertaining to a state of mental and emotional well-being where an individual realizes their own abilities, can cope with normal stresses, work productively, and contribute to their community.

Treat Disease

The application of medical care or interventions aimed at alleviating symptoms, curing, or managing a disease or medical condition.