Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Garrett is the manager of Aristo Condos Inc and is in charge of selling vacant units in the Aristo Towers. On October 4, Heilman examined

Garrett is the manager of Aristo Condos Inc and is in charge of selling vacant units in the Aristo Towers. On October 4, Heilman examined several of the units with Garrett and said he thought the prices a bit high but would think about it. Several days later, on October 7, Garrett sent Heilman an email stating, "I will sell you any one of the units we examined together (numbers 14, 236, 238, or 307) for $275 000. I am sending you all the details by courier." Garrett then sent by courier to Heilman a formal offer containing all of the necessary terms, including the required down payment and acceptable mortgage financing. Later that day after he had received the email message, but before he had received the letter, Heilman emailed Garrett, "I accept your offer with respect to unit 307." Has a binding contract been formed by Garrett's email? In what circumstances might this question become the basis of a dispute between the parties?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics For Engineers And Scientists

Authors: William Navidi

3rd Edition

73376345, 978-0077417581, 77417585, 73376337, 978-0073376332

Students also viewed these Law questions