Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sally is a car merchant and on September 20, 2020, she verbally offers to sell Joe, a nonmerchant, a car for $5,000. She says he
Sally is a car merchant and on September 20, 2020, she verbally offers to sell Joe, a nonmerchant, a car for $5,000. She says he has until Friday October 15, 2020 to accept. On September 21, 2020, Joe sends Sally an email confirming her verbal offer to him and indicating that he will take the car for $5,000. Sally does not respond until October 2. On October 2nd, Sally emails Joe and tells him she revokes her offer and refuses to sell the car to him. She claims she is not required to do so because their contract was not in writing. If Joe sues Sally for breach of contract, what is the likely outcome of a lawsuit? Group of answer choices A binding contract may exist under the UCC and Joe will likely be successful. No contract exists under either the UCC or the common law because of the mirror image rule. No contract exists even if the transaction is governed by the UCC because it was not in writing. No contract exists because it was not a firm offer
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