Question: Use ILAC Method Scenario 1 - AGREEMENT Maria makes a new offer of $180 000 to Johnny to buy a 50 per cent share of

Use ILAC Method

Scenario 1 - AGREEMENT

Maria makes a new offer of $180 000 to Johnny to buy a 50 per cent share of The Lame Duck restaurant. Maria tells Johnny that if she does not hear from Johnny before 5.00 pm she will assume the offer has been accepted. Johnny does not communicate acceptance before 5.00 pm. Explain whether there was an agreement between the two. If Johnny refuses to proceed with the sale, can Maria enforce the contract?

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