QuickHelper

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Category > Management Posted 07 Oct 2017 My Price 10.00

Sara, a wholesale fruit dealer, sent the following letter to Bud, a fruit merchant: "Feb

Sara, a wholesale fruit dealer, sent the following letter to Bud, a fruit merchant: "Feb. 1, offer 1,000 boxes of Los Angeles, San Gabriel oranges, at $10.60 per box, F.O.B. Los Angeles: March delivery. Unless I receive your acceptance by 2 P.M on Feb. 4, I will dispose of them elsewhere. (Signed Sara). " Sara's letter was received by Bud on Feb. 2, at 3 P.M

At 1 P.M on Feb. 2, Sara mailed Bud the following letter. "I regret to inform you that I am compelled to withdraw my offer dated Feb. 1."Sara's second letter was not received by Bud until Feb. 3. Meanwhile at 5 P.M on Feb. 2, Bud mailed the following letter to Sara: "I accept your offer dated Feb. I. (Signed Bud) " Because of a severe snowstorm, which disrupted all means of communication, Bud's letter was not delivered to Sara until 4 P.M on Feb. 4.

Is there a contract between Sara and Bud? Explain.

Assume that the words "Unless I receive your acceptance by 2 P.M on Feb 4, I will dispose of them elsewhere" were not included in Sara's Feb. 1 letter to Bud. Is there a contract between Sara and Bud? Explain.

Answers

QuickHelper
(10)
Status NEW Posted 07 Oct 2017 06:10 PM My Price 10.00

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