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1.In Sept. Li agrees to work for Totem Products, Inc. for $500 a week for a year beginning Jan 1.In Oct. Li is offered the
1.In Sept. Li agrees to work for Totem Products, Inc. for $500 a week for a year beginning Jan 1.In Oct. Li is offered the same work at $600 a week by Umber Shows. LTD. When Li tells Totem about the other offer,a Totem representative tears up their contract and agrees that LI will be paid $575. Is this new contract binding?Why?
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