Unformatted text preview: e offering to sell “one of my best
breeding cows for $4,000.” The cattle are of a variety of breeds. Chuck certainly did not intend
to include his number one breeder, El Champeen, worth around $60,000. Pete writes back
stating, “accept your offer and will be over this Saturday to pick up my choice, El Champeen.”
There is no contract because there is no mutual assent.
There was an offer since there was sufficient definiteness.
There is neither a bilateral or unilateral, executed or executory contract, but there is a contract
implied in fact.
There is a valid contract, and Chuck must deliver El Champeen to Pete if Pete honestly and in
good faith thought he had the right to purchase it.
181. Cindy Smith, age 16, buys a Chevy Camaro from Mike Mason, age 23, for $4,000. Cindy’s
parents, who give her everything she wants, loaned her the money for the car. The reason for
Cindy’s purchase is that all her friends have cars and she feels left out without one. One week
after buying the car, however, C...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery