On March 1, the Katy Railroad sent a letter to the A-1 Steel Company asking the price on 50,000 tons of steel rails. On March 5, A-1 responded by letter offering to sell Katy 50,000 tons of steel rails for $75 a ton and that "this price is good for 30 days." On March 10, Katy wrote that it would buy 100,000 tons at $75 a ton. On March 15, A-1 responded that it could not fill an order for 100,000 tons. On March 20, Katy wrote back stating that it would buy 50,000 tons at $75 a ton. On March 25, A-1 responded that it could not fill Katy's order. Analyze each communication and determine whether a contract has been formed

Answer rating: 100% (QA)

Based on the timeline of communications between Katy Railroad and A1 Steel Company we can analyze ea... View the full answer