Cengage Advantage Books: Foundations of the Legal Environment of Business 2nd Edition by Marianne Jennings, Albert Napier, Marianne Jennings

Exercise 3

Consider the following sequences of offers and acceptances and determine whether there would be a contract in each case.
a. September 1, 2011: A mails an offer to B.
September 2, 2011: B receives the offer.
September 3, 2011: A mails a revocation.
September 4, 2011: B mails an acceptance.
September 5, 2011: B receives the revocation. September 6, 2011: A receives the acceptance. RESULT:______________
b. September 1, 2011: A mails an offer to B.
September 2, 2011: B receives the offer.
September 3, 2011: B wires an acceptance.
September 4, 2011: B wires a rejection.
September 4, 2011
(later): A receives the acceptance.
September 5, 2011: A receives the rejection.
RESULT:________
c. September 1, 2011: A mails an offer to B.
September 2, 2011: B receives the offer.
September 3, 2011: A wires a revocation.
September 3, 2011: B wires an acceptance.
September 4, 2011: B receives the revocation.
September 5, 2011: A receives the acceptance.
RESULT:_____________
Would your answers be different under the UCC than under common law?