Wayne Weston is a sole trader who runs a retail garden centre. He buys stock and maintains displays for his business, employing a full-time cashier for the cash register.

On Tuesday, Wayne received a letter from one of his stock suppliers, containing an offer to sell specified stock supplies for $3,000. The letter required him to post a written acceptance, to be received by the supplier by 17th October to be valid. Wayne posted his letter on the 15th but the supplier did not receive it until the 18th October. When Wayne telephoned them, they said the stock had been sold to someone else. Wayne was upset.

Consider each of the six essential requirements for a valid contract. Explain whether there is a valid contract for each of the six essential requirements. Also state what legal remedies (if any) are available.

Valid Contracts - Case Study Wayne Weston is a sole trader who runs a retail garden centre. He buys stock and maintains displays for his business, employing a full-time cashier for the cash register. On Tuesday, Wayne received a letter from one of his stock suppliers, containing an offer to sell specified stock supplies for $3,000. The letter required him to post a written acceptance, to be received by the supplier by 17th October to be valid. Wayne posted his letter on the 15th but the supplier did not receive it until the 18th October. When Wayne telephoned them, they said the stock had been sold to someone else. Wayne was upset Consider each of the six essential requirements for a valid contract. Explain whether there is a valid contract for each of the six essential requirements. Also state what legal remedies (if any) are available