Question
On December 1 2010, Crazy luxury cars, inc, a Porsche dealer, offered to sell a 2010 Porshe to Bill buyer for $80,000. Liebman's manager signed
On December 1 2010, Crazy luxury cars, inc, a Porsche dealer, offered to sell a 2010 Porshe to Bill buyer for $80,000. Liebman's manager signed a written promise to keep that offer open to Bill until December 5, 2010. However, on December 3rd, 2010, Crazy luxury cars, Inc sold the same Porsche to another buyer. On December 4, 2010 Bill tendered his $80,000 for the car. Is Crazy luxury cars, inc liable to Bill for breach of contract:
(a)Yes because the company is a merchant subject to the gap-filling rule
(b)Yes because the company is a merchant subject to the firm offer rule
(c)No because Bill did not tender payment before the other buyer
(d)No because the company has the right to withdraw its offer any time before payment is received
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