• On June 12, 2021, a Chinese export company that has its place of business in Shanghai, sent an offer by mail to trade with its place of business in Paris. The offer concerned 100 sofas with silk cushions at a specified price and would stand open until July 10. The French company found the price too high and answered by mail a couple that they were not interested in the offer. But at the end of June, the French shop regretted this and sent an acceptance of the offer by e-mail. The manager of a Chinese company read the e-mail on July 8. The Chinese company has been informed the prices of sofas and silk cushions were rising rapidly, so the manager refused the e-mail immediately. However French company held that the contract was made and asked the Chinese company to fulfill the contract. Question: Was there a contract between the parties? Why? Please apply legal rules to analyze the case.
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Answer rating: 100% (QA)

There was no contract between the Chinese Export Company and the French Company The reason is that t... View the full answer