Donna called her stockbroker Henry and told him to buy 300 shares of Royex Corporation at $15
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Donna called her stockbroker Henry and told him to buy 300 shares of Royex Corporation at $15 per share, the current market price. Henry agreed to do it, but got distracted and didn't do it. The stock price went up $3 that day. In the evening, Donna in a telephone conversation agreed to sell 300 shares of Royex to Sid.
Assuming that Henry and Donna dispute the validity of the contracts, what contract can be enforced in court?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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