Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Minnie Mouse owns Minnie's Pretty Equipment, a U . S . firm that sells office equipment. Minnie Mouse is doing well, and she is planning

Minnie Mouse owns Minnie\'s Pretty Equipment, a U.S. firm that sells office equipment. Minnie Mouse is doing well, and she is planning to expand to Malaysia. Knowing she will need help managing her locations in the United States and her new location in Malaysia, Minnie Mouse hires Mickey Mouse. Pursuant to Minnies agreement with Mickey Mouse, it\'s his job to negotiate and enter into contracts on behalf of Minnies Pretty Equipment when Minnie is not available. In addition, she makes clear to Mickey Mouse, as well as all suppliers and vendors, that Mickey may purchase supplies on behalf of the business.
Mickey Mouse submits an offer to furnish Elon Musks new office at the Twitter headquarters for $1.2 million. Elon Musk verbally agrees to the offer over lunch. Mickey rushes back to his office to type up the contract. However, while Mickey is typing up the offer, Elon Musk calls and says the deal is off. Mickey argues there was an offer and acceptance, and Elon cannot back out. Is the deal Mickey struck with Elon for $1.2 million an enforceable contract? Yes, or no? Explain your answer.

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

Step: 3

blur-text-image

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

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books

Students also viewed these General Management questions

Question

Claim: d Answered: 1 week ago

Answered: 1 week ago

Question

_______________ The government spends more than it receives.

Answered: 1 week ago