Question
BUSINESS LAW WAS A CONTRACT FORMED? In each case, assume that each event occurred on succeeding days in the order specified. Was a contract formed?
BUSINESS LAW
WAS A CONTRACT FORMED?
In each case, assume that each event occurred on succeeding days in the order specified. Was a contract formed? When?
1(revocable offer)
Day 1 revocation sent
Day 2 acceptance sent (authorized means)
Day 3 acceptance received
Day 4 revocation received
2 (revocable offer)
Day 1 acceptance sent (unauthorized means)
Day 2 revocation sent
Day 3 revocation received
Day 4 acceptance received
3 (revocable offer)
Day 1 revocation sent
Day 2 revocation received
Day 3 acceptance sent (authorized means)
Day 4 acceptance received
4
Day 1 acceptance sent (authorized means)
Day 2 time for receipt of acceptance specified in offer expires
Day 3 acceptance received
5 (irrevocable offer)
Day 1 revocation sent
Day 2 revocation received
Day 3 acceptance sent (authorized means)
Day 4 acceptance received
Day 5 period of irrevocability ends
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The Environmental Audit And Business Strategy Financial Times
Authors: Grant Ledgerwood
1st Edition
0273038508, 978-0273038504
