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On May 12, Leonard offered to sell Ginrich, an acquaintance, a used washer- dryer for $ 400. Leonard told Ginrich

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On May 12, Leonard offered to sell Ginrich, an acquaintance, a used washer- dryer for $ 400. Leonard told Ginrich that he had until May 17 to accept this offer. On May 13, Leonard received an offer to purchase the washer- dryer for $ 450 from Bolton, a friend. Leonard immediately accepted Bolton’s offer. On May 14, Bolton saw Ginrich and mentioned that he ( Bolton) had just purchased a washer- dryer from Leonard. On May 15, however, Ginrich notified Leonard that he accepted the offer to buy the washer- dryer for $ 400. Was Ginrich’s acceptance valid?

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No Leonard had revoked his offer to Ginrich before it was acc…View the full answer


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Business Law Principles and Practices

Business Law Principles and Practices

ISBN: 978-1133586562

9th edition

Authors: Arnold J. Goldman, William D. Sigismond

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Question Posted: September 15, 2015 06:19:36
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