Reference no: EM133811586

Question

In this scenario, we are dealing with an offer and the concept of revocation in contract law. Let's break down the legal implications:

1. Offer Made by Joe: Joe offered to sell his car to Harry for a specific price. This constitutes an offer, which is the first step in forming a contract.

2. Harry's Response: Harry did not immediately accept the offer. Instead, he indicated he needed time to think about it. At this point, no contract had been formed because there was no acceptance.

3. Joe's Actions: Two days later, Joe sold the car to a third party. In contract law, an offer can be revoked at any time before it is accepted, unless it's an irrevocable offer. Here, Joe sold the car to someone else, revoking the offer to Harry.

4. Harry's Reaction: When Harry called Joe to accept the offer, he was too late. A valid offer must still be capable of acceptance. Since the offer was no longer available (as the car was already sold), there was nothing for Harry to accept, and thus no contract could be formed.

5. Joe's Liability: Joe is not liable to Harry because he revoked the offer (by selling the car) before Harry attempted to accept it.

6. Harry's Misconception: Harry's belief that an offer was still valid is mistaken. The law requires acceptance to be communicated before revocation.

Since the offer was effectively revoked prior to his acceptance, there is no legal requirement for Joe to sell the car to Harry. In conclusion, since Joe's offer was revoked before acceptance, no contract was formed, and Joe is not legally.