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15 September, 01:26

Michelle Sargol offers to pay $9,000 for a particular car located on John Weber's car lot. Weber accepts Sargol's offer and promises to transfer title next week, at which time Sargol will pay for the car. The next day, Laura Kavanaugh visits the car lot and offers to pay Weber $10,000 for the same car. Can Weber accept Kavanaugh's offer?

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  1. 15 September, 05:17
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    Weber can accept Laura's offer since there is no binding contract with Michelle.

    Explanation:

    When a contract is being formed there are 3 stages. First there has to be an offer made by the offeror, there will be an acceptance by the offeree, and finally a binding contract will be made.

    In this instance there was no binding contract between Weber and Michelle, so Weber can still accept Laura's offer of $10,000.
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Home » Business » Michelle Sargol offers to pay $9,000 for a particular car located on John Weber's car lot. Weber accepts Sargol's offer and promises to transfer title next week, at which time Sargol will pay for the car.
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