Spoof sold the horse to tucker since tucker was very

Info icon This preview shows pages 1–2. Sign up to view the full content.

this, provided the money would be returned to Tucker when the joke was discovered. Spoof sold the horse to Tucker, since Tucker was very much taken with the appearance of the horse. It developed that the horse was a very fast track horse, and worth $150,000. Upon learning this fact, Wilson and Spoof seized the horse and planned to retain it. Tucker brings suit. What is the defense of Wilson and Spoof? (a) Decide the case. Explain. (b) Would your decision be the same if the subjective theory of contacts were applied? Explain. 4.) On March 1, 1962, the Clay Products Company wrote Potter offering to supply up to five million bricks at the rate of $128 per thousand, and expressly agreeing to keep the offer open until May 1. On April 1 the Clay Products Company wrote Potter withdrawing their proposition, and Potter received this letter on April 2. On April 3 Potter wrote the Clay Products Company stating that he accepted their proposition and renouncing their attempt to withdraw the offer, in as much as they had given Potter two months in which to accept. When called upon to deliver the bricks, Clay Products Company refused to do so and Potter sued. (a) Decide and explain, assuming the case is not governed by statute. (b) Would your answer remain the same if the transaction is governed by the Uniform Commercial Code? Explain. 5.) On November 10, Wilson sent a letter to Barnes to sell Barnes a certain quantity of potatoes at a given price. In the offer it was stated that the offer would remain open until November 22. After receiving the offer on November 12, Barnes immediately wired an acceptance, which was delayed because of a storm and was not received by Wilson until November 15. On November 11, Wilson had sent a revocation of his offer by mail which was received by Barnes on November 14. Wilson refused to sell the potatoes, whereupon Barnes brought suit. Judgment for whom?
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

6.) Well Oil Co. offered to sell Vincent a parcel of land in a distant state at a certain price.
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '12
  • StephenD.Joyce
  • Year of birth missing, 1989, Clay Products Company

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern