Question:
Khalid, Yusuf & Ismail are first cousins and now are co-owners of a piece of land. All 3 decide to sell the land as the piece of land has a very significant value. All 3 are free to talk to the buyers and bring a suitable offer. Offers will be accepted if the price is suitable.
1) Yusuf finds a buyer; He negotiates with the buyer a price of $330,000.
He informs his partners (Khalid and Ismail) that a buyer is willing to buy and is offering $300,000.