Sylvia had contracted with Produce Palace to sell her entire crop of elephant garlic (100 kilograms) and her entire crop of tomatoes (100 kilograms) . On the day for delivery, Produce Palace 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?
A) 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.
B) There is a contract between Sylvia and Val the moment Val dropped the letter of acceptance in the postbox.
C) There is a contract between Sylvia and Val the day the letter of acceptance was received by Sylvia.
D) There is no contract between Sylvia and Val because Sylvia had revoked the offer.
E) There is no contract between Sylvia and Val because the offer has probably lapsed before the acceptance was received by Sylvia.
Correct Answer:
Verified
Q20: Indicate the correct statement about consideration.
A) Consideration
Q21: Which of the following is an offer
Q22: Ann was offered a job that would
Q23: An ad in the morning paper read:
Q24: Four days ago, Pete was reading the
Q26: Martin offered to buy the property for
Q27: If you pay $1000 for a 90-day
Q28: Which of the following is false with
Q29: An ad in the morning newspaper read
Q30: Mr. Goode, a neighbour of your parents,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents