Question
Jim was thinking about selling his fishing boat. He mentioned the boat to his neighbor Harry. Harry asked what he might want for the boat,
Jim was thinking about selling his fishing boat. He mentioned the boat to his neighbor Harry. Harry asked what he might want for the boat, and Jim said "well it cost me $18,000 new and I only used it twice so probably somewhere around sixteen or seventeen thousand. I might take less." Harry pulled out his check book and wrote a check for $15,000 , then handed the check to Jim an said "deal!"
Do Jim and Harry have a contract?
No, because Harry did not accept in the mirror image of Jim's offer
No, because the offer was not definite
Yes, because Harry was the intended offeree
Yes, because price, quantity, and subject matter were known
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