Mary writes the following email to Paul: To: paul25348@gmail.com From: maryqc3@yahoo.com Date: January 1, 2021 I...

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Mary writes the following email to Paul: To: paul25348@gmail.com From: maryqc3@yahoo.com Date: January 1, 2021 I hereby offer to sell to you my used iPhone X for $250. Let me know ASAP if you are interested! -Mary While Paul is thinking it over, Mary learns that iPhones are skyrocketing in price because of a supply shortage in the manufacturing facility. Quickly she writes the following letter and puts it in the mail: Dear Paul, I hereby revoke my offer to you dated January 1, 2021 wherein I offered to sell my iPhone to you. That offer is now null and void. Sincerely Mary The next day, while the letter is in transit, Paul visits Mary Right when Mary opens the door, Paul exclaims. "I accept your offert Do the parties have a binding contract? Mary writes the following email to Paul: To: paul25348@gmail.com From: maryqc3@yahoo.com Date: January 1, 2021 I hereby offer to sell to you my used iPhone X for $250. Let me know ASAP if you are interested! -Mary While Paul is thinking it over, Mary learns that iPhones are skyrocketing in price because of a supply shortage in the manufacturing facility. Quickly she writes the following letter and puts it in the mail: Dear Paul, I hereby revoke my offer to you dated January 1, 2021 wherein I offered to sell my iPhone to you. That offer is now null and void. Sincerely Mary The next day, while the letter is in transit, Paul visits Mary Right when Mary opens the door, Paul exclaims. "I accept your offert Do the parties have a binding contract?

Answer rating: 100% (QA)

Based on the scenario youve described the parties likely do not have a binding contract Heres why Co... View the full answer