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Unformatted text preview: Issue: Whether there was a contract between Dodds and Dickinson Rule: Offerees power of acceptance is terminated when the offeror takes definite action inconsistent with an intention to enter into the proposed contract and the offerree acquires reliable information to that effect. Offeror takes an action inconsistent with going forward with the contract Offereee acquired reliable information. Rational: The letter was just a offer to sell. It was not, itself a contract. This is because of the I hereby agree to sell and the P.S. on the bottom, stating the time limitation. Until both parties have concluded to an agreement, there was not contract made. Also, there was no consideration. Holding: There was no contract. No meeting of the minds. Synthesis: Dissent/Concurrences: Notes: nudum pactum: Naked promise...
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This note was uploaded on 12/20/2011 for the course CONTRACTS 111 taught by Professor Dellinger during the Fall '11 term at Western State Colorado University .
- Fall '11