Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On June 1, Ed Quinn, the president of QuinnPaper Company, faxed the following signed letter to two stores in New York: Paperclips and Slam's Club.
- On June 1, Ed Quinn, the president of QuinnPaper Company, faxed the following signed letter to two stores in New York: Paperclips and Slam's Club.
QuinnPaper Company offers to sell 9 inch by 12 inch (9" x 12") padded mailing envelopes at a price of $3000 per 10,000 envelopes. The minimum order is 10,000 envelopes ($3000). The maximum order is 100,000 envelopes ($30,000).
You are assured that this offer will stay open until 5 p.m. on August 15, at which time. Acceptances must be made by Federal Express overnight delivery.
- On June 15, Quinn revoked the offer to Paperclips by phone. On July 2, the manager of Paperclips sent an acceptance to Quinn via Federal Express overnight delivery for 10,000 envelopes. Quinn received the acceptance on July 3 but refused to deliver the envelopes. Paperclips sued Quinn Paper Co. for breach of contract. Judgment for whom? Explain fully.
- On July 30, the owner of Slam's Club sent an acceptance letter to Quinn by Federal Express mail for 100,000 envelopes. Quinn received that letter on August 17, 2005. Quinn refused to deliver the goods. Slam's Club sued Quinn Paper Co. for breach of contract. Judgment for whom? Explain fully
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