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book Law, Business and Society 11th Edition by Tony McAdams cover

Law, Business and Society 11th Edition by Tony McAdams

Edition 11ISBN: 978-0078023866
book Law, Business and Society 11th Edition by Tony McAdams cover

Law, Business and Society 11th Edition by Tony McAdams

Edition 11ISBN: 978-0078023866
Exercise 34
Republic Bank acquired medical equipment through a lease default and contracted Tetra Financial Services to facilitate sale of the equipment. Mark, a Tetra employee, was assigned to the task. West Penn, a large hospital system in the Pittsburgh, Pennsylvania, area, expressed an interest in purchasing the equipment and had one of its contract negotiators, Michele, handle it.
Michele sent Mark an e-mail on February 26, stating:
We are interested in the 64-slice scanner, CT workstation, ultrasound, and ultrasound table.
Our offer is as follows:
Scanner: $600,000
CT workstation: $50,000
Ultrasound and ultrasound table: $26,500
On March 13, Mark sent Michele an e-mail stating:
Michele: I met with the bank president this morning and he gave me approval to sell West Penn the 64-slice scanner, CT workstation, and ultrasound unit with table for the total amount offered below [referring to Michele's February 26 e-mail]. There is still some question regarding the cooler unit being moved to your location or left in place and a replacement provided for you. We can discuss that issue.
Please let me know if you work through a purchase order system or if we need to put together a sales agreement.
Is there a contract between Republic Bank and West Penn for the purchase of the medical equipment Decide. Explain. See Republic Bank v. Allegheny Health, 475 Fed. Appx. 692 (10th Cir. 2010).
Explanation
Verified
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In the given case, the medical equipment...

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Law, Business and Society 11th Edition by Tony McAdams
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