Discuss contract for the purchase of the medical equipment

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Reference no: EM131915130

Question: Republic Bank acquired medical equipment through a lease default and contracted Tetra Financial Services to facilitate sale of the equipment. Mark, a Tetra employee, was assigned to the task. West Penn, a large hospital system in the Pittsburgh, Pennsylvania, area, expressed an interest in purchasing the equipment and had one of its contract negotiators, Michele, handle it. Michele sent Mark an e-mail on February 26, stating: We are interested in the 64-slice scanner, CT workstation, ultrasound, and ultrasound table.

Our offer is as follows:

Scanner: $600,000

CT workstation: $50,000

Ultrasound and ultrasound table: $26,500

On March 13, Mark sent Michele an e-mail stating: Michele: I met with the bank president this morning and he gave me approval to sell West Penn the 64-slice scanner, CT workstation, and ultrasound unit with table for the total amount offered below [referring to Michele's February 26 e-mail]. There is still some question regarding the cooler unit being moved to your location or left in place and a replacement provided for you. We can discuss that issue. Please let me know if you work through a purchase order system or if we need to put together a sales agreement.

Is there a contract between Republic Bank and West Penn for the purchase of the medical equipment? Decide. Explain. See Republic Bank v. Allegheny Health, 475 Fed. Appx. 692 (10th Cir. 2010).

Reference no: EM131915130

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