Contract Questions

C there is no contract because ys telephoned may 3

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Unformatted text preview: tter offering to pay Y $1000 if Y will promise to paint X’s house. The offer says nothing about stipulated or authorized means of acceptance. On May 2, Y sends X a letter rejecting X’s offer. On May 3, Y changes his mind and (saying nothing about his May 2 letter) telephones X to accept the offer. On May 4, X goes completely insane. On May 5, X receives Y’s rejection letter. Which of the following is true? a. There is no contract because Y’s written rejection was effective upon dispatch. b. There is no contract because X’s insanity terminated the offer on May 4. c. There is no contract because Y’s telephoned May 3 acceptance was inadequate. d. There is a contract here. e. b and c are true. 354. On November 1, Yost sent a telegram to Zen offering to sell a rare vase. The offer required that Zen’s acceptance telegram be sent on or before 5:00 p.m. on November 2. On November 2, at 3:00 p.m., Zen sent an acceptance by overnight mail. It did not reach Yost until November 5. Yost refused to complete the sale to Zen. Is th...
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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.

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