Case Analysis # 1-Offer and Acceptance, Rejection and Revocation (Case Analysis)

Directions:

In the chart below, you are provided with a conversation that takes place between two individuals.

In each case, you are to determine:

(i) who is the offeror/offeree (place their role immediately after their name in Column A)

(ii) whether there is an offer, an acceptance, a rejection, a revocation, and/or a counteroffer (in each case there is more than one answer and each comment by an individual can be one of those options); the answers should be placed in Column B

(iii) whether there is a valid and enforceable contract at the end of the scenario (in Column C).

Column A Column B Column C Column D What is each Offer? Acne-palm? , Revocatlon? , person s Rejection? Is there it HERE S THE DEAL! 03.21:\" Countemffer? None contract? Offeree? of these? Al: A1: I will sell you my car for Bob: $500. Bob: 01:, I accept. Al: Al: I will sell you my car for Bob: $500. Al: Bob: Well, let me think about it. A1: Never mind. I don't want to sell it anymore. Al: A1: I will sell you my car for Bob: $500. Bob: No thanks. I've seen your car! Al: A1: I will sell you my car for Bob: $500. Bob: Bob: No, I don't want it for $500. Al: Bob: But I'll give you $400 for it. A1: No way, you cheap bum! Al: A1: I will sell you my car for Bob: $500. Al: Bob: I'll give you $400 for it. A1: 0k, it's a deal! Al: A1: I will sell you my car for Bob: $500. Al: Bob: I'll give you $400 for it. Bob: A1: Make it $450. Title of the document 1 of 2 BUSN 3310: Business Law Bob: Bob: Bob: Bob: 01;, it's a deal. A1: I will sell you my car for $500 Bob: No, I don't want it for $500. Bob: But I'll give you $400 for it. .Al: No way, you cheap bum! Bob: 01:, Ok, I'll take it for $500