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Greg is a commodities trader who works for the brokerage firm, Evolution Markets. Four days before Greg's 1 0 - month employment contract was set
Greg is a commodities trader who works for the brokerage firm, Evolution Markets. Four days before Greg's month employment contract was set to expire, Evolution Markets' Chief Executive Officer CEO sent Greg an email offering him a new month employment contract on the same terms as his existing deal. Greg promptly replied with an email that stated, "I accept. Please send the written contract and I'll sign it right away." The CEO then responded with his own email that said, "Congratulations, this is great news! Im looking forward to another great run with you." As it turns out, Evolution Markets never presented Greg with a new written contract, and eventually terminated his employment. After that, Greg was not able to find another job and had to move back in with his parents. If Greg sues Evolution Markets for breach of contract, what is the likely result in that lawsuit?
a Greg wins because the emails alone are sufficient to create a contract.
b Greg wins under the basic contracting principle of fair dealing.
c Greg loses because he never received nor signed a written employment contract from the company.
d Greg loses because emails alone are never enough to establish the existence of a binding contract.
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