Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Samson Electronics sent the following signed communication to Boyston Systems, Inc. on November 13: For sale - Dell Exceleron System Computer and Server - Model

Samson Electronics sent the following signed communication to Boyston Systems, Inc. on November 13: "For sale - Dell Exceleron System Computer and Server - Model X2455 - $10,500. Let us know if you want it." On November 15 Boyston sent the following communication back to Samson (which communication was received by Samson shortly after it was sent): "We will take the Computer at $8,500, but no more than that." Having heard nothing from Samson, a few days later Boyston sent the following communication to Boyston on November 17: "It appears that you are firm on your price, we'll take it at the $10,500 price you offered." Samson had already sold the computer and server to another party. Boyston is upset and claims that it has a contract with Samson to purchase the computer and server. Samson disagrees. Which of the following statements is correct? O A. A contract was formed on November 17 when Boyston sent its communication to Samson B. A contract was formed and the price of the computer will be $8,500 because Samson did not promptly respond to Boyston's November 15 communication. O C. A contract was formed on November 17 because Boyston's November 15 communication had no legal effect. O D. No contract was formed between the parties because of Boyston's November 15 communication. O E. Because Samson is a merchant, it had an obligation to keep its November 15 offer open for a reasonable period of time.

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

Emerging Market Finance New Challenges And Opportunities

Authors: Bang Nam Jeon, Ji Wu

1st Edition

1839820594, 978-1839820595

More Books

Students also viewed these Finance questions

Question

- >y-

Answered: 1 week ago