About the contract law, Clarke wants to sell his yacht. He

About the contract law

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Reference no: EM132223012

Contract Law:

Clarke wants to sell his yacht. He decided to contact a business associate, Chris.

On June 20, Clarke telephones Chris offering to sell him his yacht for $2.8 million cash on delivery. Chris arranges to inspect the yacht during the week. After he has done so, he telephones Clarke on June 25 to say: “I am interested and it’s a good price for its condition. But payment instalments would suit me better. What do you think about that?”.

Clarke replies that he would like some time to think it over and will let him know.

Any offer and acceptance take place? (quote with cases)

Reference no: EM132223012

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