In the Giannetti v.Cornillie case, the court found:
A) the modification of the mortgage amount, unlike the purchase price, was not a material term of the contract.
B) the modification of the mortgage amount was a material term, a counteroffer which rejected the original offer.
C) the doctrine of promissory estoppel required the court to grant plaintiff's motion for specific performance.
D) in order for an acceptance to create a binding contract, it need not strictly comply with the terms of the offer as long as the parties intended to form a contract.

Question

Quizplus · Accepted Answer

The court found that the modification of the mortgage amount was a material term, which constituted a counteroffer and thus rejected the original offer. This is based on the principle that any significant change to the terms of an offer is considered a counteroffer, effectively nullifying the original offer.

In the Giannetti V.Cornillie Case, the Court Found