Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lindsey offered orally to sell her racing bike to Tom for $3,500. Tom said he would pay $2,800 if he could borrow the money from
Lindsey offered orally to sell her racing bike to Tom for $3,500. Tom said he would pay $2,800 if he could borrow the money from his sister and Lindsey agreed and Tom paid her a $300 deposit. Tom came back the next day and told Lindsey he had the money, but Lindsey then changed her mind and refused to sell the bike and gave Tom back the $300. Tom then bought a similar bike from Alex. What does this case NOT illustrate?
mitigation | ||
a counter offer | ||
a major breach of contract | ||
a contract missing consideration | ||
a conditional offer |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started