Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jane Wambui was seriously injured when her motorcycle was struck by a vehicle driven by Kennedy Muia. Wambui's attorney wrote to Statewide Claims Services, the

Jane Wambui was seriously injured when her motorcycle was struck by a vehicle driven by Kennedy Muia. Wambui's attorney wrote to Statewide Claims Services, the administrator for Muia's insurer, asking for "all the insurance money that Mr. Muia had under his insurance policy." In exchange, the letter indicated that Wambui would sign a "limited release" on Muia's liability, provided that it did not include any language requiring her to reimburse Muia or his insurance company for any of their incurred costs. Statewide than send a check and release form to Wambui, but the release demanded that Wambui "place money in an escrow account in regards to any and all liens pending." Wambui refused the demand, claiming that Statewide's response was a counteroffer rather than an unequivocal acceptance of the settlement offer. Did Statewide and Wambui have an enforceable agreement? Discuss.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Quantitative Analysis for Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha

12th edition

133507335, 978-0133507331

More Books

Students also viewed these Finance questions