On Monday, Sam's Computer Company wires Grace's Computer Mart, "I have two IBM XT's for sale for $1,700 each. You pay cost of shipping." Grace received the offer on Monday afternoon and wired back, "You have a deal. 30 days same as cash." On Tuesday morning Sam called to revoke the offer. On Tuesday afternoon Sam received the wire. Sam says there is no contract and Grace says there is. Who is correct?Explain

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The key legal concept here is the formation of a contract For a contract to be valid there must be a... View the full answer