Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use ILAC Method Scenario 1 - AGREEMENT Maria makes a new offer of $180 000 to Johnny to buy a 50 per cent share of

Use ILAC Method

Scenario 1 - AGREEMENT

Maria makes a new offer of $180 000 to Johnny to buy a 50 per cent share of The Lame Duck restaurant. Maria tells Johnny that if she does not hear from Johnny before 5.00 pm she will assume the offer has been accepted. Johnny does not communicate acceptance before 5.00 pm. Explain whether there was an agreement between the two. If Johnny refuses to proceed with the sale, can Maria enforce the contract?

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

The Legal Environment of Business A Critical Thinking Approach

Authors: Nancy K. Kubasek, Bartley A. Brennan, M. Neil Browne

8th edition

134074033, 978-0134074030

More Books

Students also viewed these Law questions

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago