Question
Wimpy offers to sell Bluto a boat for $500. Bluto replies, I think I want the boat, but let me have a week to consider.
Wimpy offers to sell Bluto a boat for $500. Bluto replies, “I think I want the boat, but let me have a week to consider.” Wimpy replies, “OK. I won’t sell the boat to anyone until after one week from today.” The next day, Wimpy sells the boat to Popeye for $600. The day after, Wimpy tells Bluto he already sold the boat. Nevertheless, Bluto tenders $500.
Is Wimpy contractually liable to Bluto?
Step by Step Solution
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Step: 1
In this case Wimpy has no contractual obligation to sell the boat to Bluto because in essence there can be no breach of a contract that is not in exis...
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Step: 2
Step: 3
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
