Southridge Presbyterian Church, owner of a residential home, placed it on the market for $134,500…

Southridge Presbyterian Church, owner of a residential home,
placed it on the market for $134,500. Ayalla viewed the home and made a written
offer to buy the home for $130,000. The written offer was made on a residential
real estate sale contract form furnished by Southridge Presbyterian’s real
estate agent, Henderson. Ayalla gave Henderson a check for $1,000 as an earnest
money deposit. Henderson orally notified Ayalla’s mortgage broker that
Southridge Presbyterian had accepted Ayalla’s offer. The mortgage broker left a
message with Ayalla’s nephew about this acceptance. The following day,
View complete question »

Southridge Presbyterian Church, owner of a residential home,
placed it on the market for $134,500. Ayalla viewed the home and made a written
offer to buy the home for $130,000. The written offer was made on a residential
real estate sale contract form furnished by Southridge Presbyterian’s real
estate agent, Henderson. Ayalla gave Henderson a check for $1,000 as an earnest
money deposit. Henderson orally notified Ayalla’s mortgage broker that
Southridge Presbyterian had accepted Ayalla’s offer. The mortgage broker left a
message with Ayalla’s nephew about this acceptance. The following day,
Henderson orally told Ayalla personally of Southridge Presbyterian’s
acceptance. They agreed to meet on May 1, 2005, to complete the paperwork, and
Ayalla made plans to take that day off work. She also scheduled a home
inspection to take place on May 2 or 3. Ayalla and her friends and family gathered
together on May 1 to celebrate. Before her scheduled meeting with Henderson,
however, Henderson called and told Ayalla that Southridge Presbyterian had
accepted a higher offer of $142,500 from a third party. Was Southridge
Presbyterian legally obligated to sell the home to Ayalla?

View less »