Question: If Sue Flay's Cake Shop mails its acceptance to the Stan Still Stationery Store on June 5, and it arrives on June 7: The acceptance

If Sue Flay's Cake Shop mails its acceptance to the Stan Still Stationery Store on June 5, and it arrives on June 7:
The acceptance could be nullified by a counter-offer which is delivered first to the Stan Still Stationery Store
The acceptance can never be effective on June 5
The acceptance may be effective only upon receipt if the offer's terms required actual receipt
Under the mailbox rule, the acceptance is generally effective on June 5
If the acceptance was improperly dispatched, the acceptance would not be effective until June 7

Step by Step Solution

★★★★★

3.45 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The scenario youre describing involves the mailbox rule which is a common law principle that determines when an acceptance of an offer becomes effecti... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

if sue flays cake shop mails its acceptance to the stan still stationery store on June 5 , and it arrives on June 7

1 . Stacy mails Jennifer an offer to sell Jennifer 43 bags of rice for $107 . 00 . Jennifer replies to Stacy by mail , stating , " I agree to pay $105 . 75 for 43 bags of rice . Neither Stacy nor...

1. Ziggy Sounds Ltd is a music production company. It frequently needs to update its equipment as technology develops and styles change. For many years, it has con-tracted with David Jones Inc (DJI)...

if sue flays cake shop mails its acceptance to

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

Flora just graduated from Baruch College, where she majored in marketing and minored in law. Flora feels confident as she is a bit older than the typical college student. She is therefore in a rush...

A. Brad, a recent Baruch College graduate, just opened a retail clothing business in Brooklyn. Prior to opening his shop, Brad did extensive research and knows which brands can be purchased at the...

George Overton has plans for establishing a new business with Elena Costanza. They will both be managers, and each will take an annual salary of $50,000.The company will have other expenses of...

The comparative unclassified statement of financial position for Puffy Ltd. follows: PUFFY LTD. Statement of Financial Position: December 31 Assets Cash Accounts receivable Merchandise inventory Land...

Walmart s retail strategy includes the following: Group of answer choices EDLP - everyday low pricing. Price rollbacks funded by suppliers. Realtime stocking information. All of the above. None of...

Sheridan Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO cost-or-market at December 31, 2019, and December 31, 2020. This information is presented...

Tamarisk Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $210,912?at both cost and market value. At December 31, 2020, the inventory was $290,410?at cost and $261,580?at market...

Dolls, Cars, activity kits, board games are toys liked by kids. An M/s Wonder kid, a company that has multiple businesses has been eying the opportunity to target kids with various toys. The company...

Using Hess's law determine heat of reaction (AHo) for the following reaction? N2(g) + 502(s) 5N2O5(8) Given: 2 H2(g) + O2(g) >2 H2O(1) AHo= -571.6 kJ/mole N2O5(g) + H2O(1) 2 HNO3(1) AHo = -73.7...

? ? 12) For which values of c is M: 2(2-2)+cu-c a surface?

Suppose we know for a fact that the population of hipsters the world over can brew 4.5 liters of organic, non-GMO kombucha per week. A sample of 225 hipsters from Eugene, Oregon, however, yields a...

Magnum Company produces 77 percent of the coal utilized in the United States. Coal provides 25 percent of all of the energy used in the United States. In a suit brought by the United States against...

Discuss the formal requirements of making a valid will and the various ways in which a will may be revoked.

Girard & Company, Certified Public Accountants, audited the financial statements included in the annual report submitted by PMG Enterprises, Inc., to the Securities and Exchange Commission (SEC). The...

In France, where cheese is an important and traditional part of peoples meals, people eat about six times as much cheese per person as in the United States. In which country do you think the demand...

The demand curve in Figure 3P-1 shows the monthly market for sweaters at a local clothing store. For each of the following events, draw the new outcome. a. Sweaters fall out of fashion. b. There is a...

Suppose two artists are selling paintings for the same price in adjacent booths at an art fair. By the end of the day, one artist has nearly sold out of her paintings while the other artist has sold...