BUSINESSLAW CHAPTER 13 - Business Law

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
JANUARY 29, 2009 BUSINESS LAW CHAPTER 13 DEBRA BARONE 1. While newspaper ads generally are considered invitations to negotiate, this ad invited an offeree to take a specific action; be among the first three customers in line in order to qualify to purchase the coat at $500. A unilateral contract was formed when Marsha was first in line. 2. The parties clearly intended to contract and a contract can be evidenced by papers grouped together; it need not all be on one form. “ACCEPTANCE ON REVERSE SIDE” was just another method; the letter accomplishes the same purpose. 3. No. A revocation is not effective until it is communicated to the offeree. Because it was mailed, it would have had to be received by the offeree. 4. Baker is correct. When Nelson made changes to Baker’s offer, it then became a counteroffer. Baker was not willing to buy under these new terms. This decision involves the social forces of freedom of personal action and enforcement of intent. It also involves the ethical value of fairness.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

BUSINESSLAW CHAPTER 13 - Business Law

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online