On July 1,Seidel Motors,an automobile dealer offers to sell a luxury vehicle to Janet for $50,000.Seidel signs a written assurance to keep the contract open till July 30.A week later Seidel sells the car to another buyer.On July 30,Janet tenders $50,000 for the car.There has been a breach of contract.Compare and contrast Seidel's liability to Janet under the common law of contracts and firm offer rule.

Question

Quizplus · Accepted Answer

The Answer of On July 1,Seidel Motors,an automobile dealer offers to sell a luxury vehicle to Janet for $50,000.Seidel signs a written assurance to keep the contract open till July 30.A week later Seidel sells the car to another buyer.On July 30,Janet tenders $50,000 for the car.There has been a breach of contract.Compare and contrast Seidel's liability to Janet under the common law of contracts and firm offer rule.

On July 1,Seidel Motors,an Automobile Dealer Offers to Sell a Luxury