Contract Problems

7) Harry saw Joe in his classic Buick at a local drive-in restaurant and

talked about wanting to buy the car. Joe offered to sell it to him for

$1500. Harry said he needed some time to think about it and that he

would send him a letter. The next day, Joe changed his mind and mailed

Harry a letter of revocation. The day afer that, before Harry had

received the letter of revocation, he sent a letter of acceptance to Joe.

The next day the two letters arrived at their various destinations, Joe

receiving Harry's letter of acceptance just afer Harry received Joe's

letter of revocation. Explain the legal liabilities of the parties