contestada

During the first week of March the following events happened:
March 1, Fred sent a letter to Barney offering to sell his car for $5000.
March 2, Fred sent Barney a revocation of his offer.
March 3, Barney received the offer.
March 4, Barney sent Fred a rejection of the offer.
March 5, Barney called Fred and accepted the offer.
March 6, Barney received the revocation and Fred received the rejection.
Required:
1. Is there a contract between Fred and Barney?

Respuesta :

Answer:

Yes, the offer was accepted before Barney had notice of the revocation.

Explanation:

Fred can revoke his offer at any time before acceptance (2 March), because there is no consideration to keep the offer open. However, Barney has called Fred to accept the offer, before receiving the revocation by mail which Barney has received on March 3

Otras preguntas