Business, 18.10.2019 22:20 cofran

Raymond barrows owned a 17-acre parcel of undeveloped land in seaford, delaware. for most of his life, mr. barrows had been an astute and successful businessman, but by the time he was 85 years old, he had been diagnosed as "very senile and confused 90 percent of the time." glenn bowen offered to buy the land. barrows had no idea of its value, so bowen had it appraised by a friend, who said it was worth $50,000. bowen drew up a contract, which barrows signed. in the contract, barrows agreed to sell the land for $45,000, of which bowen would pay $100 at the time of closing; the remaining $44,900 was due whenever bowen developed the land and sold it. there was no time limit on bowen’s right to develop the land nor any interest due on the second payment. what is the best argument against enforcing this agreement?
(a) barrows is illiterate
(b) barrows is mentally incompetent
(c) barrows is financial unstable
(d) none of the above

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Raymond barrows owned a 17-acre parcel of undeveloped land in seaford, delaware. for most of his lif...

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