Jake talked to Joan,a salesperson at Hot Cars,about purchasing a Jaguar for $70,000.Jake really liked that specific car because it was the color he wanted and had all the options he liked.Jake,however,wanted to think it over for a few days.Joan told him not to worry,that she would hold the car for him,and she gave him a written and signed assurance that the offer to sell the automobile for $70,000 would be held open for 14 days.Jake thought it over,decided to purchase the car,and returned one week later ready to make the deal.Joan told him that another buyer with ready case wanted the Jaguar and that she sold it.Joan told Jake that he gave no consideration for the agreement to hold the car,that there was no contract,and that she was free to sell it to the ready buyer.Is she right,and why or why not?

Question

Quizplus · Accepted Answer

The Answer of Jake talked to Joan,a salesperson at Hot Cars,about purchasing a Jaguar for $70,000.Jake really liked that specific car because it was the color he wanted and had all the options he liked.Jake,however,wanted to think it over for a few days.Joan told him not to worry,that she would hold the car for him,and she gave him a written and signed assurance that the offer to sell the automobile for $70,000 would be held open for 14 days.Jake thought it over,decided to purchase the car,and returned one week later ready to make the deal.Joan told him that another buyer with ready case wanted the Jaguar and that she sold it.Joan told Jake that he gave no consideration for the agreement to hold the car,that there was no contract,and that she was free to sell it to the ready buyer.Is she right,and why or why not?

Jake Talked to Joan,a Salesperson at Hot Cars,about Purchasing a Jaguar