Question
Question 2. Sophia owns a tea house called Tea Essence. While entertaining her good friend Nicole at the Tea House Sophia offers a 50% share
Question 2.
Sophia owns a tea house called "Tea Essence". While entertaining her good friend Nicole
at the Tea House Sophia offers a 50% share of her business for $200,000 to Nicole.
Sophia tells Nicole that if she does not hear from her before 5.00 pm the next day she
will assume the offer has been accepted. Nicole tells Sophia she wants to think about the
offer but doesn't want to lose the opportunity until she decides so she leaves a $1000
deposit to keep the offer open until 5pm the next day. It is now past the next day 5pm
deadline and Nicole has not communicated acceptance.
Advise whether, Sophia can enforce the contract if Nicole refuses to
proceed with the sale?
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