Question: On March 10, Lev sent a signed written offer to Boris to sell 3,000 tons of steel rails on certain specified terms. Boris receives this

On March 10, Lev sent a signed written offer to Boris to sell 3,000 tons of steel rails on certain specified terms. Boris receives this on March 11. On March 25, Boris faxed his acceptance, which reached Lev at 3 P.M. on that day. On the same day, March 25, 2 pm., Lex mailed Boris a revocation of his March 10 offer, which Boris received the following day. Is there a contract? Explain.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 General Management Questions!