Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sylvia had contracted with Produce to sell her entire crop of elephant garlic (100 kilograms) and her entire crop of tomatoes (100 kilograms). On the
Sylvia had contracted with Produce to sell her entire crop of elephant garlic (100 kilograms) and her entire crop of tomatoes (100 kilograms). On the day for delivery, Produce took the garlic but not the tomatoes. In her effort to mitigate her loss, Sylvia called the owner of Val's Veggies and offered her the tomatoes at a reduced price with the words, "Let me know quickly; they are ripe and must be moved out today." That afternoon, Val sent Sylvia a letter accepting the offer. On these facts, which is the most likely outcome? There is a contract between Sylvia and Val the moment Val dropped the letter of acceptance in the postbox. There is a contract between Sylvia and Val the day the letter of acceptance was received by Sylvia. There is no contract between Sylvia and Val because Sylvia had revoked the offer. There is no contract between Sylvia and Val because the offer has probably lapsed before the acceptance was received by Sylvia If the postbox rule does not apply, there would be a contract as soon as Val mailed the letter unless Sylvia had sold the tomatoes to someone else
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