BUSI 393 Lecture Notes - Lecture 4: Loan Guarantee, Estoppel, Contract
Document Summary
Send latest cash price: law -> merely an inquiry or a counter case (has any terms changed?) The effect of counter offer -> nullifies the original offer. Ambiguity - > responsibility skewed to the one who spoke the words of ambiguity. If evan really wanted to reject the offer, he should have specifically said no, i will only sell at $ Livingstone: not a rejection, hence the offer is still valid. Other possible outcome: williams (who made a contract with evan at a later point) will sue for money (for breach of contract, as the court will order specific performance of preserving the original offer between evan and livinstone) Law: intent is preserved in a business context. How long the offer is open for. Acceptance rule is considered to be honored) (not e-mail, not courier, only. Government mail!!: if no notes re: mode of acceptance . how should acceptance be made, acceptance has to be the mirror image of the offer.
