Question
Steve writes a novel and sends it to Penny Publishing. Penny offers Steve $5,000 for a six-month option on the work, and Steve accepts the
Steve writes a novel and sends it to Penny Publishing. Penny offers Steve $5,000 for a six-month option on the work, and Steve accepts the money. Nine months later, Penny has still not agreed to publish, and Biggie Publishing offers Steve $50,000 for the novel. Steve wants to accept. Can he legally do so?
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
Essentials of Business Law
Authors: Anthony Liuzzo
9th edition
007802319X, 978-0078023194
