Question
3. On July 1, Ben sent Molly a signed letter offering to sell Molly a building for $800,000.In the letter, Ben stated that the offer
3. On July 1, Ben sent Molly a signed letter offering to sell Molly a building for $800,000.In the letter, Ben stated that the offer would expire on July 31. The letter was received by Molly on July 3.
On July 15, Molly sent Ben a letter that included the following statement: "The price for your building seems high.Would you consider taking $750,000 instead?" The letter was received by Ben on July 16.
On July 26, Jorge made an offer to Ben to purchase the building for $820,000.The offer was received by Ben the same day. Ben called Molly immediately and told her that his offer was terminated. The next day Molly sent Ben a signed letter agreeing to purchase the building for $800,000.The letter, which was sent on July 27 by authorized means, was received by Ben on August 2. Ben refuses to sell the building to Molly.
In an action by Molly against Ben for breach of contract, judgment for whom? Discuss, explaining the significance of each communication.(30 points)
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