Suppose that Jack makes an offer to sell the restaurant on July 10th. Hal and Sophia decide to think it over. On July 15th they mail a letter of acceptance to Jack. On July 16th Hal and Sophia change their mind and call Jack stating that they did not want to purchase the business. On July 20th, Jack receives the letter of acceptance. Would there be a valid contract?

A. Yes, a valid contract was at the time that Jack opens the letter and actually reads it.
B. No, because Hal and Sophia informed Jack that they did not want to buy the business prior to Jack receiving the letter of acceptance.
C. Yes, a valid contract was formed on July 20th when the letter of acceptance was received.
D. Yes, a valid contract was formed on July 15th when the letter of acceptance was sent.

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zuwairahdahir zuwairahdahir · Answer 1 · 2020-02-08T07:52:57+01:00

Answer:

D) Yes, a valid contract was formed on July 15th when the letter of acceptance was sent.

Explanation:

Legal CONTRACT: An arrangement between two parties to provide a goods or services that is statute, written or verbal contract enforceable by law.

Basics for a valid contract: 1.Free Parties approval. 2.The legal review i.e. there must be legitimate approval

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