Question: Required to write on 500 words up for the answer please thanks alot (7)Assignment On May 20, cattle rancher Oliver visited his neighbor Southworth, telling

Required to write on 500 words up for the answer please thanks alot Required to write on 500 words up for the answer please thanks

(7)Assignment On May 20, cattle rancher Oliver visited his neighbor Southworth, telling him, "I know you're interested in buying the land I'm selling Southworth replied, "Yes, I do want to buy that land, especially since it adjoins my property. "Although the two men did not discuss the price, Oliver told Southworth he would determine the value of the property and send that information to Southworth so that he would have notice" of what Oliver wanted for the land. "On June 13, Southworth called Oliver to ask if he still planned to sell the land. Oliver answered, "Yes, and I should have the value of the land determined soon." On June 17, Oliver sent a letter to Southworth listing a price quotation of $324,000. Southworth then responded to Oliver by letter on June 21 stating that he accepted Olivers offer. However, on June 24 Oliver wrote back to Southworth saying "There has never been a firm offer to sell, and there is no enforceable contract between us." Oliver maintains that a price quotation alone is not an offer. Southworth claims a valid contract has been made. Who wins? Discuss

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