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Kenneth and Brandi decide to form a new law firm immediately upon graduating from law school. They will focus exclusively on animal abuse cases in
Kenneth and Brandi decide to form a new law firm immediately upon graduating from law school. They will focus exclusively on animal abuse cases in the Chicago area. Brandi will contribute $19,000 and Kenneth will contribute $4000 to begin the business. The couple located a small office in eastern Chicago and immediately began hunting Craigslist for used furniture. Kenneth found some furniture in the price range and confirmed with the seller that it was still for sale. Following the directions in the ad, Kenneth immediately texted the seller that he would buy the furniture. The seller accepted at the list price and a pickup date was set. When Kenneth arrived with his truck, the seller apologized and stated he sold the furniture to a higher bidder the day after Kenneth made his offer. Distressed, Kenneth goes home and instead purchases furniture online for five times their original budget; nearly one-third of the firm's entire operating budget. Brandi and Kenneth conclude the fiscal year with about $20,000 in their account. They decide to remove $1000 each for living expenses. Did Kenneth form a binding contract with the Craigslist seller? If so, what contractual principles guide you? Could Kenneth sue and if so, on what basis and for what damages? What can Brandi do, if anything, if she became upset that Kenneth spent so much on the furniture? What if Brandi refused to contribute financially to pay for the furniture
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