Two friends, John and Steve, went into Sound City to look at stereos.An ad in the morning paper had interested John in a particular model that was on sale for $650 for that day only.John decided to buy it, but realized he had forgotten his wallet and credit cards.John asked if the store would extend him credit.The manager hesitated, but then Steve pulled the manager aside and said, "It's all right.I could cover it." Because Steve buys nearly $600 worth of merchandise a month, the manager agreed.The manager then had John sign and address a delivery slip that says simply, "August 1, 1996-1 model A-942.Deliver Monday.Purchased by John Smith, 2 Central St." Does the manager have an enforceable contract with John? Explain.Can the manager collect from Steve if John does not pay? Explain.

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The Answer of Two friends, John and Steve, went into Sound City to look at stereos.An ad in the morning paper had interested John in a particular model that was on sale for $650 for that day only.John decided to buy it, but realized he had forgotten his wallet and credit cards.John asked if the store would extend him credit.The manager hesitated, but then Steve pulled the manager aside and said, "It's all right.I could cover it." Because Steve buys nearly $600 worth of merchandise a month, the manager agreed.The manager then had John sign and address a delivery slip that says simply, "August 1, 1996-1 model A-942.Deliver Monday.Purchased by John Smith, 2 Central St." Does the manager have an enforceable contract with John? Explain.Can the manager collect from Steve if John does not pay? Explain.

Two Friends, John and Steve, Went into Sound City to Look