BUSINESS LAW
17th Edition
ISBN: 9780357007594
Author: Mann
Publisher: Cengage Learning
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Question
Chapter 10, Problem 6Q
Summary Introduction
To discuss: Whether a contract resulted in between person M and D.
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On November 19, Hoover Motor Express Company sent to Clements Paper Company a written offer to purchase certain real estate. Sometime in December, Clements authorized Williams to accept. Williams, however, attempted to bargain with Hoover to obtain a better deal, specifically that Clements would retain easements on the property. In a telephone conversation on January 13 of the following year, Williams first told Hoover of his plan to obtain the easements. Hoover replied, “Well, I don’t know if we are ready. We have not decided; we might not want to go through with it.” On January 20, Clements sent a written acceptance of Hoover’s offer. Hoover refused to buy, claiming it had revoked its offer through the January 13 phone conversation. Clements then brought suit to compel the sale or obtain damages. Did Hoover successfully revoke its offer? Explain.
A buver made an offer on a property on
September 25th. The Seller countered on
September 26th. Both parties signed the
purchase contract on September 28th. The
property closed on December 31st. What is the
effective date of contract?
O December 31st
O September 26th
O September 28th
O September 25th
On December 16, Daniella sent a letter to Casper offering to sell her business to Casper for $400,000. On December 29, Daniella sent another letter to Casper that stated that she was withdrawing the offer. Casper received that letter on December 31. On December 30, Casper sent a letter to Daniella accepting the offer. Daniella received that letter of acceptance on January 3. Daniella refused to sell the business to Casper, claiming that no contract had been formed. Casper sued to enforce the contract against Daniella . Decide the probable outcome of the case.
Chapter 10 Solutions
BUSINESS LAW
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
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