Buster Cogdill, a real estate developer, made an offer to the Bank of Benton to have the
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Buster Cogdill, a real estate developer, made an offer to the Bank of Benton to have the bank provide construction financing for the development of an outlet mall, with funds to be provided at prime rate plus two percentage points. The bank’s president Julio Plunkett thanked Buster for the proposal and said, “I will start the paperwork.” Did Cogdill have a contract with the Bank of Benton? [Bank of Benton v Cogdill, 454 NE2d 1120 (Ill App)]
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No There was no acceptance of Cogdills offer because there was no clear statement that the o...View the full answer
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Related Book For 
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
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