Question
On May 1, Newtown Motors, a used-car dealer, wrote a letter to OReilly, stating that: We have a 1969 Pontiac Firebird in mint condition that
On May 1, Newtown Motors, a used-car dealer, wrote a letter to OReilly, stating that: We have a 1969 Pontiac Firebird in mint condition that we will sell you for $12,500 at any time before June 1. [Signed] Newtown Motors.
Having heard nothing from OReilly by May 15, Newtown Motors sold the car to another party. On May 25, OReilly told Newtown Motors that he accepted the offer and tendered $12,500. When Newtown Motors told OReilly it had sold the car to another party, OReilly claimed Newtown Motors had breached their contract.
Please answer the following questions and provide the reasoning behind your conclusion, i.e. list the applicable rule, and provide an analysis by applying the facts to the rule to reach a conclusion.
In whose favor would a court likely rule?
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