Sherry Shoe Company sends an offer by fax to Hulk Retailers to sell 100,000 pairs of shoes at $150 each, and mentions that it will hold the offer open for Hulk for two months. Four months after receiving Sherry's offer, Hulk faxes an acceptance. However, at this time Sherry has already entered a contract with another retailer. Discuss the situation.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q88: Hume hired a security services agency to
Q89: Without permission, a duty that involves skill,
Q90: Hailey and Ellen met with an auto
Q91: Mark entered into a written contract to
Q92: What is a covenant not to compete
Q94: Jacob and Janice enter into an oral
Q95: Sarrah agrees to sell her house to
Q97: Explain the mailbox rule.
Q98: Kaylie and Josh visit Alice Jewels to
Q105: Explain the doctrine of promissory estoppel.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents