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In response to a radio advertisement, Mr. and Mrs. Lancet telephoned Hollywood Decorators, Inc., and arranged for Mr. Wolff, a company representative, to visit their home.

During Wolff's visit, the Lancets signed a contract for interior decoration and paid a $1,000 deposit. Two days later, the Lancets canceled the contract by telephone and asked for the return of their deposit.

Twelve days after that, the Lancet's attorney wrote a letter to the company renewing the cancellation. Were they bound by the contract they signed? Why or why not?

Hollywood Decorators, Inc., v. Lancet, 461 N.Y.S.2d 955 (NY).

Management Theories, Management Studies

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