expand icon
book Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts cover

Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts

Edition 16ISBN: 978-1285428253
book Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts cover

Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts

Edition 16ISBN: 978-1285428253
Exercise 10
Garvey owned four speedboats named Porpoise , Priscilla , Providence , and Prudence. On April 2, Garvey made written offers to sell the four boats in the order named for $14,200 each to Caldwell, Meens, Smith, and Braxton, respectively, allowing ten days for acceptance. In which, if any, of the following four situations described was a contract formed?
a. Five days later, Caldwell received notice from Garvey that he had contracted to sell Porpoise to Montgomery. The next day, April 8, Caldwell notified Garvey that he accepted Garvey's offer.?
b. On the third day, April 5, Meens mailed a rejection to Garvey which reached Garvey on the morning of the sixth day. But at 10:00 A.M. on the fourth day, Meens sent an acceptance by overnight letter to Garvey, who received it at noon on the fifth day.?
c. Smith, on April 3, replied that she was interested in buying Providence but declared the price asked appeared slightly excessive and wondered if, perhaps, Garvey would be willing to sell the boat for $13,900. Five days later, having received no reply from Garvey, Smith, by letter, accepted Garvey's offer and enclosed a certified check for $14,200.?
d. Braxton was accidentally killed in an automobile accident on April 9. The following day, the executor of Braxton's estate mailed an acceptance of Garvey's offer to Garvey.?
Explanation
Verified
like image
like image

G made offers to sell four different boa...

close menu
Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts
cross icon