1.Highlight the pertinent facts;

2.Identify the issue of law posed by the case problem. This will be in

the form of a question based on a legal concept from the chapter.

3.What should be the decision in the case? (i.e. the answer to the issue).

4.The reasoning for such decision.

On May 20, cattle rancher Oliver visited his neighbor Southworth,

telling him, "I know you're interested in buying the land I'm selling."

Southworth replied, "Yes, I do want to buy that land, especially

because it adjoins my property." Although the two men did not

discuss the price, Oliver told Southworth he would determine the

value of the property and send that information to Southworth so that

he would have "notice" of what Oliver "wanted for the land." On June

13, Southworth called Oliver to ask if he still planned to sell the land.

Oliver answers, "Yes, and I should have the value of the land

determined soon." On June 17, Oliver sent a letter to Southworth

listing a price quotation of $324,000. Southworth then responded to

Oliver by letter on June 21, state that he accepted Oliver's offer.

However, on June 24 Oliver wrote back to Southworth saying, "There

has never been a firm offer to sell, and there is no enforceable contract

between us