Question
Problem Solving Contract Formation Offer and Acceptance Dave, a billionaire, is selling his large collection of luxury cars. Fred, his assistant, is helping him with
Problem Solving Contract Formation Offer and Acceptance Dave, a billionaire, is selling his large collection of luxury cars. Fred, his assistant, is helping him with this task. Bill, Daves uncle, hears of this and has always wanted the one Maserati in Daves collection. Bill writes to Dave and says: I will give you $200,000 for the Maserati. If I hear nothing from you by next Saturday, I will consider it mine. Fred does not know of the letter from Bill and sells the Maserati to Sally. When Bill finds out, later, he is furious and demands the car be delivered to him because Dave has not rejected his offer and the deadline in his letter has expired. Required: Explain, with reasons, whether Bill has a right in law, to demand that the Maserati be delivered to him.
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