Termination of the Power of Acceptance Self-Quiz 1
Sol is an avid classical
music fan and he attends the symphony whenever he can. He also has a large
collection of instruments actually used by famous musicians. David has
been the symphony’s harp player for many years and he is widely
recognized as the best harpist is the world. Sol would like nothing more
than to add David’s harp to his collection of instruments. On April
1st, Sol calls David and offers to buy the harp for $10,000. Sol tells
David that he will leave the offer open for two weeks. On April 16th,
Sol buys a cello, previously owned by Yo Yo Ma, for $15,000. On April
17th, David calls Sol to accept Sol’s offer. However, since Sol
had spent so much money the day before, he tells David that he can no
longer buy the harp. David sues Sol for breach of contract, arguing that
his acceptance of Sol’s offer created a binding agreement between
them. David will win this case.
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Sol is an avid classical
music fan and he attends the symphony whenever he can. He also has a large
collection of instruments actually used by famous musicians. David has
been the symphony’s harp player for many years and he is widely
recognized as the best harpist is the world. Sol would like nothing more
than to add David’s harp to his collection of instruments. On April
1st, Sol writes David a letter offering to buy the harp for $10,000. Sol
tells David that he will leave the offer open for two weeks and that David
should call him if he is interested in selling the harp. David receives
the letter on April 5th. On April 16th, Sol buys a cello, previously owned
by Yo Yo Ma, for $15,000. On April 17th, David calls Sol to accept Sol’s
offer. However, since Sol had spent so much money the day before, he tells
David that he can no longer buy the harp. David sues Sol for breach of
contract, arguing that his acceptance of Sol’s offer created a binding
agreement between them. David will win this case.
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Sol is an avid classical
music fan and he attends the symphony whenever he can. He also has a large
collection of instruments actually used by famous musicians. David has
been the symphony’s harp player for many years and he is widely
recognized as the best harpist is the world. Sol would like nothing more
than to add David’s harp to his collection of instruments. On April
1st, Sol calls David and offers to buy the harp for $10,000. Sol tells
David to think about the offer and get back to him if he is interested.
On April 16th, Sol buys a cello, previously owned by Yo Yo Ma, for $15,000.
On April 27th, David calls Sol to accept Sol’s offer. However, since
Sol had spent so much money on the cello, he tells David that he can no
longer buy the harp. David sues Sol for breach of contract, arguing that
his acceptance of Sol’s offer created a binding agreement between
them. David will win this case.
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On April 1st, Sol calls
David and offers to buy his harp for $10,000. Sol tells David that he
will leave the offer open for one month. On April 5th, David calls Sol
and tells him that he is not interested in selling the harp. On April
16th, Sol buys a cello, previously owned by Yo Yo Ma, for $15,000. On
April 17th, David calls Sol to accept Sol’s offer. However, since
Sol had spent so much money the day before, he tells David that he can
no longer buy the harp. David sues Sol for breach of contract, arguing
that his acceptance of Sol’s offer created a binding agreement between
them. David will win this case.
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On April 1st, Sol calls David
and offers to buy his harp for $10,000. On April 5th, David calls Sol
and tells him that he will sell the harp for $12,000. On April 6th, Sol
buys a cello, previously owned by Yo Yo Ma, for $15,000. On April 7th,
David calls Sol to accept Sol’s offer of $10,000. However, since
Sol had spent so much money the day before, he tells David that he can
no longer buy the harp. David sues Sol for breach of contract, arguing
that his acceptance of Sol’s offer created a binding agreement between
them. David will win this case.
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On April 1st, Sol calls David
and offers to buy his harp for $10,000. On April 5th, David calls Sol
and tells him that he will sell the harp for $12,000. On April 7th, Sol
calls David and agrees to pay $12,000 for the harp. However, two days
later, when David tries to deliver the harp, Sol tells David that he no
longer wants to buy it. David sues Sol for breach of contract, arguing
that Sol’s acceptance of the terms of David’s counteroffer
created a binding agreement between them. David will win this case.
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On April 1st, Sol calls David
and offers to buy his harp for $10,000. On April 5th, David calls Sol
and says “I will sell the harp to you for $10,000 but I was really
hoping to get $12,000 for it. Let me know if there is any way you can
improve your offer.” On April 7th, Sol brings $10,000 to David’s
dressing room to pay for the harp but David refuses to sell it. Sol sues
David for breach of contract, arguing that David accepted his offer of
$10,000 for the harp and that there is a binding agreement between them.
Sol will win this case.
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On April 1st, Sol calls
David and offers to buy his harp for $10,000. Sol promises to keep the
offer open for two weeks and, in return, David promises to pay Sol $10
to keep the offer open. On April 5th, David calls Sol and tells him that
he will sell the harp for $12,000. On April 7th, David calls Sol and accepts
Sol’s offer to buy the harp for $10,000. However, Sol tells David
that he no longer wants to buy it and is therefore withdrawing the offer.
David sues Sol for breach of contract, arguing that his acceptance of
the terms of Sol’s offer created a binding agreement between them.
David will win this case.
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On April 1st, Sol calls
David and offers to buy his harp for $10,000. On April 5th, David calls
Sol and says “I will sell the harp to you for $10,000 but only if
you reimburse what I have to pay to ship the harp to you.” On April
7th, David ships the harp to Sol. A few days later, David gets the harp
back in the mail. Enclosed with the harp is a note from Sol saying that
Sol has changed his mind and no longer wants to buy the harp. David sues
Sol for breach of contract, arguing that David accepted Sol’s offer
of $10,000 for the harp and that there is a binding agreement between
them. David will win this case.
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On April 1st, Sol makes
a written offer to David to buy his harp for $10,000. On April 3rd, Sol
writes David another letter revoking the offer. David receives the offer
in the mail on April 6th and immediately writes Sol a letter accepting
the offer. David puts the letter of acceptance in the mail on the same
day, April 6th. On April 9th, David receives Sol’s letter of revocation.
Two days later, David tries to deliver the harp to Sol but Sol refuses
to accept it. David sues Sol, arguing that he validly accepted Sol’s
offer and therefore, they have a binding contract. David will win this
case:
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The symphony has just finished
a performance at Carnegie Hall. The performance featured a lengthy solo
by David, who was playing a special hand held harp crafted specially for
this performance. Unfortunately, the harp goes missing after the performance.
David looks all over for the instrument but it is nowhere to be found.
David places an add in the New York Times, offering a reward of $1,000
to anybody who finds and returns the harp to him. A few days later, David,
having given up hope of ever getting the harp back, publishes, in the
Times, a revocation of his reward offer. About a week later, Sol finds
the harp in a dumpster in the back of Carnegie Hall. Remembering that
he had seen an add offering a reward for the harp's return, Sol immediately
makes his way over to the symphony’s rehearsal site. Sol, who is
not aware that David published a retraction of the reward offer, returns
the harp and demands the $1,000. When David refuses to pay Sol, Sol sues
David for breach of contract. Sol will win this case:
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On April 1st, David offers
to sell Sol his harp for $10,000 and tells Sol that the offer will be
kept open for two weeks. On April 12th, David sells the harp to Sam for
$11,000. Sol immediately withdraws $10,000 from his bank account and tries
to buy the harp from David. David informs Sol that he has sold the harp
to Sam. Sol sues David, arguing that he has validly accepted David’s
offer so that David is now in breach of the binding agreement they have.
David will win this case:
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