Ask Question, Ask an Expert


Ask Business Law & Ethics Expert

Suppose the given facts for the analysis:

ABC Corp. forwards an agreement to Mr. Jones, wherein it is stated that ABC will give Mr. Jones with 50 widgets for the price of $500. The agreement gives that Mr. Jones should accept the terms by July 22 at 11:59 p.m. or the offer will be withdrawn. On July 23, Mr. Jones forwards a letter to ABC stating that he will pay $450 for the widgets. He does not specify a time by which ABC must accept the offer.

By August 25, Mr. Jones has heard nothing from ABC Corp and is need of widgets. He buys 50 widgets from XYZ Corp. for the price of $450, but does not inform ABC Corp that his counter-offer has been withdrawn.On September first, ABC forwards a letter to Mr. Jones, accepting his counter-offer. Mr. Jones then informs ABC that he has already purchased the widgets and has withdrawn his offer.

ABC brings a lawsuit against Mr. Jones alleging breach of contract and requesting money damages or specific performance of the contract. ABC further states that, once it accepted the offer, a contract was created. Mr. Jones argues that there was never a legally enforceable contract and the parties were simply engaging in negotiations. He claims he did not intend to be bound by the offer. He further argues that, if there were an offer, it expired due to ABC's lack of acceptance in a reasonable time frame.

Analysis of cases must be 2 pages double spaced.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M915441

Have any Question? 

Related Questions in Business Law & Ethics

In this case study you will explore the death penalty as it

In this case study, you will explore the death penalty as it relates to juveniles. Hopefully, this assignment will assist in learning how complex and significant the Roper v. Simmons case was in the juvenile justice syst ...

Text book - introduction to law enforcement an insiders

Text Book - INTRODUCTION TO LAW ENFORCEMENT AN INSIDER'S VIEW, FOURTH EDITION by William G. Doerner Chapter 1 - Early Efforts At Policing 1) Research the POST Minimum Standards to be a law enforcement officer in your sta ...

Business law written assessment -case study 1saber a

BUSINESS LAW WRITTEN ASSESSMENT - Case Study 1: Saber, a business student at CQU, walked into his local game store and saw a copy of the latest game, Marsattack: Metal Squad, with a price tag that said "$6.99". Saber kne ...

Write a 700- to 1050-word reflection paper in which you

Write a 700- to 1,050-word reflection paper in which you address the following concepts: Identify your core values. Describe how people acquire and change values. Explain what values do for and to us. Explain the nature ...

Prepare a 10 to 15 slide presentation on the crowding

Prepare a 10 to 15 slide presentation on the crowding effect the war on drugs has had on correctional organizations in your state.  My state is FLORIDA. Propose three workable solutions to the situation. Substantiate you ...

Question 1 ethics amp contractscity bumper car tours of

QUESTION 1: Ethics & Contracts City Bumper Car Tours of Jersey City, LLC (CBCT), operated tours where customers used Bumper Cars transportation vehicles to tour the city. There is a city ordinance that requires "All tour ...

Case law analysis contract lawresearch federal and state

Case Law Analysis: Contract Law Research federal and state court cases pertaining to the topic of contract law. Select one court case and write an analysis that addresses the following: 1. Articulate the importance, cont ...

Balancing goal attainment and ethicstoday probably more

Balancing Goal Attainment and Ethics Today probably more than ever before, all departments of an organization, as well as any associated internal processes, are required to contribute to organizational goals designed to ...

You must respond to the following questions respond in at

You must respond to the following questions Respond in at least 500 words or more. Question: Chapter 16 in the Schroder & Lombardo book covers use of force issues. For supervisors, (1) describe your approach to handling ...

Please visit the us small business administrations website

Please visit the U.S. Small Business Administration's website here -  SBA , find the information about franchising and answer the following questions: 1) List the two primary forms of business franch ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro