Chapter 10 Assignment - Kathleen Basurto Business...

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Kathleen Basurto 4/19/2016 Business Law-2211-NET04 Instructor – Susan Horn Case 10.2 – Agreement Question 1: Does a contract to convey real property exist between Heikkila and McLaughlin? Initially it would seem that there was a contract between the parties, however upon closer review, since there was no written acceptance of the revised offer by the McLaughlin’s, no contract existed. Heikkila had the right to revoke the offer since there was no written communication indicating that the McLaughlin’s had accepted the revisions made to the purchase agreements. According to the “Mirror Image Rule”, the offer made to Heikkila was countered as soon as he changed the terms of the offer made by the McLaughlin’s. The McLaughlin’s failure to accept the counter offer allowed normal contract law to permit Heikkila to revoke the offer. Only a written acceptance by
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Unformatted text preview: the McLaughlin’s of the revised written terms made by Heikkila on the purchase agreements would have been sufficient for a contract to exist for the sale of the property. Case 10.3 – Solicitation to make an offer Question 1: Is there a contract between the Mesaros and the United States? There is no contract between the Mesaros and the United States. The purpose of the advertisement from the US Mint was to extend an invitation to offer the minted coins and is not considered an offer to sell. The words, “Yes, please accept my order” is a clear indication that the Mint had the right to refuse any offer for any reason and did not constitute a contract between the two parties. This rule is used to protect marketers and advertisers against breach of contract lawsuits that would be without cause and extremely numerous otherwise....
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