Different terms and conditions with no mention of price

Assignment Help Operation Management
Reference no: EM131375766

James and Barbra Smith were negotiating to buy a house. Their offer was for $180,000. On June 6th The Smiths received a counteroffer from the seller containing different terms and conditions with no mention of the price. The seller said if they wished to accept the counteroffer they should sign it and return it immediately. The Smiths signed the counteroffer and on June 6 at 11 AM Barbra Smith handed the sealed envelope to her company's mail clerk with instructions to mail it. The clerk mailed it but not until 9 AM on June 8th. Meanwhile, at noon on June 7th the seller told Barbra Smith that the counteroffer was revoked because the seller was going to raise the price. The Smiths sued the seller, claiming that they had accepted the counteroffer before it was revoked. Barbra Smith argued that she put the acceptance in the "course of transmission" when she gave it to her clerk. The seller contended that no contract had been formed because the acceptance had been received after the revocation. How should the court rule?

Reference no: EM131375766

Inability to develop and motivate people

Exhibit 18.2 of your textbook lists a number of impediments to project success. How might you minimize or eliminate these impediments? lack of executive champion. Inability to

What is the total cost of option excluding the material cost

Inventory holding or carrying cost is $100 per disk drive per quarter. The holding cost is based on the inventory at the end of each quarter - plant of Computer Products produ

What are the central goals of these laws and regulations

Identify the major laws and regulations affecting health care organizations. Why is the health care industry so heavily regulated? What are the central goals of these laws and

What are the differences among fixed-price contract

What are the differences among a fixed-price contract, a time-and-materials contract, and a reimbursable contract in terms of how well defined a contract needs to be relative

In a group of learners with various learning preferences

In a group of learners with various learning preferences, which person is using his or her strengths most effectively? A logical-mathematical learner who leads group discussio

Mosca appealed discuss the issue and determine liability

Joseph Mosca 23 others boarded a sportfishing boat for a day of fishing of san clemente Island. David Lichtenwalter, one of the fishermen, was fishing off the stern near Mr. M

What you need to know about linear programming problem

The production manager for Whoppy soft drink company is considering production of 2 kinds of soft drinks: regular and diet. For the production combination of 135 regular cases

Lean production concepts are widely used-accepted practices

The Toyota Production System (TPS) was developed by the Japanese in the 1950’s and became the foundation for Just-in-Time (JIT). By 1970, JIT was being used by most factories

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd