Question
Cape Cod Sail Loft sent Lance Sturdy, a noted yachtsman, a letter offering to furnish Lance's entire sail inventory for the upcoming sailing season for
Cape Cod Sail Loft sent Lance Sturdy, a noted yachtsman, a letter offering to furnish Lance's entire sail inventory for the upcoming sailing season for $25,000. Cape Cod's letter provides that Lance must accept it by Federal Express same-day delivery mail, and *no contract will result until we receive your acceptance as specified herein." On April 1 1995 Cape Code, disturbed by its rising labor costs, sent a telegram to Lance revoking its offer and stating a new price of $28,000. Lance received the telegram 10 minutes after mailing a letter of acceptance to Cape Cod by regular mail. When Cape Cod refuses to supply the sails for $25,000, Lance files suit. Based on the information in the scenario. should Lance win and why? a. Lance should win, because his acceptance was effective before the revocation was received b. Lance should lose, because his acceptance was not sent by telegraph. c. Lance should lose, because he failed to accept in the manner specified by the offer. d. Lance should win, because the Cape Cod offer was a UCC firm offer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started