Business Law

Want to read the rest of this paper? Join Essayworld today to view this entire essay and over 50,000 other term papers

Peter now sends a letter accepting Stewie’s offer in the mail on December 4, and does not get Stewie's revocation letter until January 5. Because Peter sent his acceptance prior to getting Stewie's revocation, the mailbox rule states that Peter's acceptance is effective. Unfortunately Peter would be bound to the contract which would invariably prevent him from revoking the offer.

Question 8;

But due to the fact that Pearsall asked his friend for his own half of the money when he bought the ticket earlier on and there were no winnings then. When it was Alexander’s turn even though he snatched the tickets initially from Pearsall, he won and decided not to share it with his friend. I think it would be fair if Alexander shared half of the money with him since they were in on it together from the on-set. It would only be fair.

Chapter 12 Consideration

Question 1;

This concept simply states that if you make a promise to an individual (promisor) automatically that ...

Get instant access to over 50,000 essays. Write better papers. Get better grades. Already a member? Login

CITE THIS PAGE: