Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 On December 1 2010, Crazy luxury cars, inc, a Porsche dealer, offered to sell a 2010 Porshe to Bill buyer for $80,000. Liebman's

image text in transcribed
Question 5 On December 1 2010, Crazy luxury cars, inc, a Porsche dealer, offered to sell a 2010 Porshe to Bill buyer for $80,000. Liebman's manager signed a written promise to keep that offer open to Bill until December 5, 2010. However, on December 3rd, 2010, Crazy luxury cars, Inc sold the same Porsche to another bUYer. On December 4, 2010 Bill tendered his $80,000 for the car. ls Crazy luxury cars, inc liable to Bill for breach of contract: A Yes because the company is a merchant subject to the gaplling rule 0 Yes because the company is a merchant subject to the rm offer rule T No because Bill did not tender payment before the other buyer C No because the company has the right to withdraw its offer any time before payment is received ' Previous ll

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_2

Step: 3

blur-text-image_3

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

Trusts Law

Authors: Charlie Webb, Tim Akkouh

5th Edition

113760672X, 978-1137606723

More Books

Students also viewed these Law questions

Question

What purpose does the individual employee earnings record serve?

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago