Problemon september 1 jennings a used-car dealer wrote a, Ask an Expert

Management Studies

Problem:

On September 1, Jennings, a used-car dealer, wrote a letter to Wheeler in which he stated, "I have a 1955 Thunderbird convertible in mint condition that I will sell you for $13,500 at any time before October 9. [Signed] Peter Jennings." By September 15, having heard nothing from Wheeler, Jennings sold the Thunderbird to another party. On September 29, Wheeler accepted Jennings's offer and tendered $13,500. When Jennings told Wheeler he had sold the car to another party, Wheeler claimed Jennings had breached their contract.

Required:

Question 1) Is Jennings in breach? Explain. Provide complete solution of the given problem with detailed explanation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91147594

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