Reference no: EM13177443
B. Smith wrote a letter to Jones saying "I would like to buy your Rolls-Royce for $20,000, $5,000 to be paid on the day of sale and the balance in two months." Jones replied, saying, "I wouldn't take less than $24,000. If you want it let me know quickly, as there is someone else after it.
Smith tried again, this time offering $22,000, $5,000 up front and the balance in two months. Jones replied "I am quite agreeable to your terms, viz, $5,000 up front and the balance in two months, but I still don't care to take less than $24,000. If you accept my offer let me know at your earliest convenience, as I still have someone else interested." On the same day Jones wrote to Crump, offering to sell him the Rolls for $25,000. The next day he received similar replies from Crump and Smith, which both read: "Accepting your offer". Jones sold the Rolls to Crump (of course).
Do you think Smith should have a remedy against Jones because he did not get the Rolls? (5m)
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: Do you think Smith should have a remedy against Jones because he did not get the Rolls? (5m)
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