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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.
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This note was uploaded on 04/22/2011 for the course FINANCE BUSINESS L taught by Professor Daviddubois during the Spring '09 term at SUNY Empire State.

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