chapter 8, case 5 - it is clear to a reasonable bystander...

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terms of the contract: the price may be absurdly low or quite unrelated to the range of prices quoted by both side during negotiations” pg 157 - the price offered kaleski was significantly lower than what was quoted during the negotiations. - refer to case 8.1 on page 157 for precedent. The court found that the acceptor of the contract could not possibly have believed that was the intended offer price. No reasonable person could have believed such an offer to have been made intentionally. -decision could be in favour of Reiger because there was a change in circumstances for Kaleski since she needed the money for her new venture. Therefore she may have made the offer really attractive so Reiger would find it hard to turn down. -Reiger and Kaleski were talking about two different units of measure and this misunderstanding should have not allowed a contract to be formed. -contract should be deemed voidable and restore the parties to their original positions.
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This note was uploaded on 09/13/2011 for the course ADM 3360 taught by Professor Levasseur,sylvie during the Winter '09 term at University of Ottawa.

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chapter 8, case 5 - it is clear to a reasonable bystander...

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