On January 7, Harry Owens, owner of Custom Cleaners, offered to clean the carpets in Jane Harrington’s law office for $500. Harrington agreed to this offer on January 9. On January 20, the Owners cleaned the carpets and were paid $500.
Questions
1. In this example, who would be the offeror, and who would be the offeree?
2. When was the offer accepted?
3. What did each party give as consideration to bind the agreement?
4. Was the contract executed?