Loading
  1. Home
  2. Macquarie University
  3. Business
  4. BUS201
  5. Sell Question

Question

2.  A wrote B as follows: “I will sell you my insurance business for $100,000”. B replies by letter: “I accept your offer with the understanding you will agree not to enter the insurance business again in this town for two years.” Was there a contract? Why?

 

Top Reviews
Similar Questions
1. Kim was driving her new car in Washington D.C. While driving her car it collided with a car driven by Socrates. Please state if either or both par...
1. Pamela Jones offers (by a signed letter) Tom Smith $60,000 to build her a tree house. Tom Smith gladly accepts Pamela’s offer. Two months and a da...
1. Nick brought his old half blue, half green pickup truck to Bob’s professional garage to have the brakes fixed. Nick brought his own parts and requ...
1. CEO was convinced by his employee, Jennifer Goodgirl, that co-worker, I. M. Broke. had been stealing money from the company. At lunch that day in...
1. Global Products develops patents and markets software. World Copies, Inc. sells Global’s Software without the marker’s permission. Is this patent...
1. After an oral contract for the sale of a tract of land has been made, Allen writes a letter to Bernard repeating that he will sell his land to Ber...
1. Kim was driving her new car in Washington D.C. While driving her car it collided with a car driven by Socrates. Please state if either or both par...
1. Kim was driving her new car in Washington D.C. While driving her car it collided with a car driven by Socrates. Please state if either or both par...

Solution Preview

The scenario lacks the contract. A made an offer to B, and B responded by a counter offer. Though B mentioned that he/she is accepting the offer, there is new condition/term in the offer stating “you agree not to enter the insurance business again in this town for two years.” Any change to a contract results 

This question has been solved!
OR
OR
Back To Top
#BoostYourGrades

Want a plagiarism free solution of this question ?

EYWELCOME30
100% money back guarantee
on each order.