On December 1, Seller sent Buyer an offer to sell 5,000 widgets to Buyer for $25 apiece.
Question:
On December 1, Seller sent Buyer an offer to sell 5,000 widgets to Buyer for $25 apiece. The offer stated: “The offer will remain open until December 31.” On December 10, Buyer answered: “The price is too high; I don’t accept your offer.” Then, on December 15, Buyer changed his mind and sent a telegram stating: “I accept your December 1 offer after all.” Seller replied: “Your acceptance is too late, since you already rejected the offer.” In turn, Buyer answered: “The acceptance is good, you promised to keep your offer open until December 31.” Is there a contract under the CISG?
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The CISG or United Nations Convention on Contracts for the International Sale of Goods is an interna...View the full answer
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Related Book For 
International Business Law Text Cases And Readings
ISBN: 9780273768616
6th International Edition
Authors: Ray A. August, Don Mayer, Michael Bixby
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