Go to this texts Web site at www.cengage.com/blaw/clarkson and select Chapter 11. Click on Video Questions and
Question:
Go to this text’s Web site at www.cengage.com/blaw/clarkson and select “Chapter 11.” Click on “Video Questions” and view the video titled Real World Legal: Jack’s Restaurant, Scene 2. Then answer the following questions.
(a) In regards to the sale of Jack’s Restaurant, Jack (the seller) says that he is going to retain the rights to the restaurant’s frozen food line. The buyers, however, thought that their sales agreement included the rights to all of the restaurant’s signature dishes—whether fresh or frozen. Did the parties have an “agreement to agree” on the terms of the sale of the restaurant? Why or why not?
(b) Suppose that Jack previously offered to sell the restaurant to these particular buyers and they had all agreed on the price and date for delivery. Would such an offer meet the definiteness requirement, even if no terms pertained to the frozen food line? Explain.
(c) Does Jack’s statement that he intended to retain his rights to the frozen food line revoke any earlier offer he may have made to sell the restaurant to these individuals? Why or why not?
(d) Did the buyers unequivocally accept the terms of the offer that Jack expressed in this scene? Explain.
Step by Step Answer:
Business Law Text and Cases
ISBN: 978-1111929954
12th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross