Question
IRAC must be followed in answering each question. Perhaps, multiple IRACs may have to be used in answering one question, in case of multiple issues..
IRAC must be followed in answering each question. Perhaps, multiple IRACs may have to be used in answering one question, in case of multiple issues..
Delilah makes a written offer to Samson to sell her mountain bike for $1000. In her offer Delilah states, that this offer will remain open for seven days if you pay $200. Samson pays Delilah $200. Two days later Delilah tells Samson that she has changed her mind. a) Discuss whether under common law Samson can still accept the offer and hold Delilah to the sale of her mountain bike to him for $1000. [HINT offer/acceptance and option contracts]
8. William took his antique watch to Abbot to replace its battery. Abbot is an antique watch seller and repairman. When William leaves the store, Jeff a new costumer walks in and asks Abbot whether the antique watch is for sale. Abbot sells the watch to Jeff for $2000. a) Is the contract between Abbot and Jeff valid under the UCC? Why? b) Can William sue Abbott or Jeff? Why? [HINT entrustment rule]
9. Delilah, a bike merchant, makes a written offer to Samson to sell a mountain bike for $1000. In her offer, Delilah states that this offer will remain open for seven days. Two days later Delilah tells Samson that she has changed her mind. a) Discuss whether under the UCC Samson can still accept the offer and hold Delilah to the sale of the mountain bike to him for $1000. [HINT firm offer]
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