Question
Biggie and Boysee were having negotiations for the sale of a property belonging to Biggie. Biggiewrote to Boysee stating, As you are aware that I
Biggie and Boysee were having negotiations for the sale of a property belonging to Biggie. Biggiewrote to Boysee stating, "As you are aware that I paid $250,000 for this property, your offer of$200,000 would appear to be at least a little optimistic. For a quick sale I would accept $260,000...".Boysee replied, "I accept your offer" and asked the plaintiffs to contact the defendant's lawyers. Theplaintiff then replied, "I am placing this matter in the hands of my lawyer. My partner and I are indeedpleased that you are purchasing our property". The plaintiff alleged that this exchange ofcorrespondence constituted an agreement for the sale of the property and sought specificperformance.Based on your knowledge of the law, what would be the Court's likely decision if thismatter came before it? Explain your answer based on legal principles.
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