Discuss roginsky chances of success

Assignment Help Business Law and Ethics

Reference no: EM133322368

Case Study: Lamar Smunt, eccentric millionaire, sends Casimir Roginsky, famous portrait artist, a letter offering to pay Roginsky $500,000 to make a portrait of Smunt's mother. Roginsky sends back a letter that says: "I've had the misfortune of seeing your mother and would need $750,000 before my artistic sensibilities would allow me to undertake such a harrowing project." Three hours later, after reflecting upon the sad state of his finances, Roginsky telephones Smunt and says: "I'd be delighted to paint your lovely mother. Destroy my letter without reading it. It was sent by mistake." Smunt disregards Roginsky's instructions and reads Roginsky's letter when it arrives. He becomes enraged at the insult to his mother and refuses to allow Roginsky to do her portrait. Roginsky files a breach of contract suit against Smunt.

Question: Discuss Roginsky's chances of success. Consider the following topics:

Offer and acceptance
When can an offer be accepted?
When can an offer be revoked?
The mailbox rule
Traditional acceptance under the rule and a more modern view under the Uniform Commercial Code (UCC) and the Restatement

Reference no: EM133322368

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