Topic: Is There an Acceptance?
On May 1st, the town of Smallville solicited bids for the construction of a new schoolhouse. The contractors all submitted their bids (offers), and ACME Construction Co. was determined to be the best bidder. On May 15th, Smallville sent its acceptance of ACME's bid via certified mail to ACME's satellite office in Big City, even though the bid stated that notification should be sent to its office on Main Street in Smallville. To add insult to injury, Smallville did not have the correct postage.
On May 16th, ACME decided to withdraw their offer.
Despite these defects, ACME did in fact receive Smallville's acceptance of the ACME offer on May 17th.
Please respond to the following questions in your posts and respond to other students' original posts.
- Was there a valid acceptance by Smallville? Explain your answer.
- What is the effect of ACME's May 16th decision to withdraw its offer? Explain your answer.