BLAW 3201 Study Guide - Midterm Guide: Kobe Bryant, Appellate Court, Rescission
Document Summary
Catamount slate productions inc. v sheldon (objective standard) This case deals with intent to be bound by a contract. The two parties engaged in mediation to settle an argument. Many of the details of the argument had been settled, but it wasn"t made finalized and thus couldn"t be enforced allowing catamount (reed family) to back out of the settlement as newly discovered evidence worked in their favor. **lefkowitz v great minneapolis surplus store inc (invitations seeking offers)** Lefkowitz read in the newspaper an advertisement for a fur coat selling for one dollar, first come first served. He showed up but was told that it was intended for a woman. The seller contends that this was a unilateral offer, thus it could be revoked. He claims that this was an invitation to an offer. Arbitration award was binding because initial offer had expired when parties went to arbitration.
