Question
A wished to sell his antique toy collection for $10,000. He placed an advertisement in the newspapers. B saw the advertisement and immediately rang A
A wished to sell his antique toy collection for $10,000.
He placed an advertisement in the newspapers.
B saw the advertisement and immediately rang A to say that he would like to see the antique toy collection before deciding on whether or not to purchase it.
A told B to come and view, B asked A if he would consider selling for $8,000.
A said that he would not sell the collection for anything less than $10,000.
B said he needed a day to consider A's price.
A told him that if he agreed to buy, he should send him a text message on his cell phone within the next two days.
The next day, B sent him an email saying that he will purchase the collection from A for $10,000.
However, A seldom checks his email or even uses his laptop, and thus never sees the email.
After the second day, when A received no text message from B, A sold the antique toy collection to his neighbor for $10,000.
When B came by to A'house to collect and pay for the collection, he was surprised to hear that A had sold it off.
Discuss the legal positions of A and B under the Law of Contract.
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