Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tom is celebrating a milestone birthday. He calls Mark and asks him what it would cost to cater a birthday party for 200 guests. Mark

Tom is celebrating a milestone birthday. He calls Mark and asks him what it would cost to cater a birthday party for 200 guests. Mark promises to get back to Tom with a proposal. The next day, Mark writes an email to Tom that states that Mark will cater the birthday party by providing pulled pork, beans, potato salad and cold slaw for $7 per person. Tom calls Mark and says that he accepts Marks proposal but would like two meat options: pulled pork and brisket. Do Tom and Mark have a contract? Assume that the Uniform Commercial Code does not apply.

a. Yes, Tom has accepted Marks proposal, the agreement is supported by consideration and there are no issues on these facts about capacity or legal purpose. b. No, Toms response to Mark is actually a counteroffer, which terminated Marks offer.

c. Yes, provided that the cost of providing two meat options does not change the price per person.

d. No, because Tom made a verbal response to Marks written offer. e. b. and d., but not a. and c.

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

More Books

Students also viewed these Finance questions