Essay
On April 15, Morgan sent a letter to Clark offering to sell her business to Clark for $200,000. The offer stated that it would expire on May 1. On April 30, Morgan sent another letter to Clark that stated that she was withdrawing the offer. Clark received that letter on May 1. Also on April 30, Clark sent a letter to Morgan accepting the offer. Morgan received that letter of acceptance on May 1. Morgan refused to sell the business to Clark, claiming that no contract had been formed. Clark brought suit to enforce the contract against Morgan. Based on what you have learned in this chapter, decide the probable outcome of the case.
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Judgment would be for Clark. Per the mai...View Answer
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Q43: An otherwise vague contract may be clarified
Q44: The first statement made by one of
Q45: If either the offeror or offeree dies
Q46: If an offer requires that acceptance be
Q47: The fact that there has been a
Q48: Contract terms may not be implied from
Q49: An offer that is indefinite may be
Q50: A properly mailed acceptance takes effect when
Q51: If an offeree dies before the offer
Q52: Contractual intention is determined by objective standards.