Wimpy offers to sell Bluto a boat for $500. Bluto replies, “I think I want the boat, but let me have a week to consider.” Wimpy replies, “OK. I won’t sell the boat to anyone until after one week from today.” The next day, Wimpy sells the boat to Popeye for $600.  The day after, Wimpy tells Bluto he already sold the boat. Nevertheless, Bluto tenders $500.

Is Wimpy contractually liable to Bluto?

Answer rating: 100% (QA)

In this case Wimpy has no contractual obligation to sell the boat to Bluto because in essence there can be no breach of a contract that is not in exis... View the full answer