Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 21 1 pts Julius emailed Penelope an offer on Wednesday. Thursday Julius sent an email revoking the offer. He used the wrong email

image text in transcribed

Question 21 1 pts Julius emailed Penelope an offer on Wednesday. Thursday Julius sent an email revoking the offer. He used the wrong email address. Penelope never received it. Friday morning Penelope sent Julius a letter by UPS currier service accepting his offer. The driver left the letter at the wrong address. Julius never received the letter. Under these circumstances: There is a contract, because Penelope's acceptance was effectively communicated to Julius. There is no contract, because there is no meeting of the minds. Since Julius used an email to communicate his offer, the revocation was effective when emailed and there could be no effective acceptance. If Julius calls Penelope Friday afternoon and revokes his offer, there is no contract.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Fundamentals

Authors: John Wild

3rd edition

978-0073527048, 0073527041, 978-0077544652

More Books

Students also viewed these Accounting questions