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LTV Corporation, a manufacturer of all-terrain vehicles, needed shipping crates to export the vehicles. LTV, therefore, circulated a detailed invitation to bid to obtain a local supplier who could manufacture 8,000 crates according to specifications, at a total cost exceeding $50,000.
Bateman submitted a written bid, which LTV accepted. LTV never signed Bateman's bid and repudiated the contract after only 1,000 crates had been ordered. Bateman sued LTV.
Who wins? Why?
What differences in the retail environment may justify the fact that the fast-moving consumer goods supply chain in India has far more distributors than in the United States?
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