Study each of the following cases carefully. Briefly state the principle of law and your decision. Counteroffer
Question:
Study each of the following cases carefully. Briefly state the principle of law and your decision.
Counteroffer Browne offered to sell Houlihan his recently purchased 50-inch plasma screen television set for $6,400. Houlihan sent Browne an e-mail message accepting the offer but asked if she could pay Browne in four equal monthly installments of $1,600. Browne did not acknowledge Houlihan’s e-mail and instead sold the television set to Drew for $6,200. Houlihan then purchased a new set for $7,400 and sued Browne for $1,000, the difference in price. Did Houlihan and Browne have a valid contract, and will Houlihan be able to recover $1,000 from Browne?
Principle of Law:
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Decision:
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Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson