Question
Contract Law Assignment : Analyzing Case Study Using Ilac Method Question On September 5 Robert wrote to Cameron offering to sell 50 metric tons of
Contract Law Assignment : Analyzing Case Study Using Ilac Method
Question
On September 5 Robert wrote to Cameron offering to sell 50 metric tons of wheat at $250 per metric tonne. On September 7 Cameron posted a reply in which he accepted Robert's offer but added that if he did not hear to the contrary he would assume that the price included delivery to his (Cameron's) warehouse. The following morning, before Cameron's letter arrived at Robert's office, Robert read a posting on the internet which stated that the price of wheat was about to fall and he immediately sent an email to Cameron stating 'our price of $250 includes delivery'.
On receiving Robert's email at 10am on September 8, Cameron posted a letter to Robert confirming his acceptance of Robert's terms. By mid-day, however, Cameron also saw the posting on the internet which indicated that wheat prices were about to fall and, having considered the matter, sent an email to Robert stating 'I do not accept your offer of wheat'.
The price of wheat fell to $230 per metric tonne and Cameron refuses to accept any wheat from Robert. Question
1: Advise Robert regarding the above.
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