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On May 1, 2005, Eckerly Realty Inc. mailed a written offer to Masse for the sale of an officebuilding. The offer included an express term that it would expire on June 30, 2005 if theacceptance was not delivered into the hands of the offeror by the expiration date. On June 30,2005 at 8:00 a.m., Masse sent a written acceptance to Eckerly via Masse's personal messenger.However, the messenger was not able to deliver the acceptance until July 1, 2005. On July 2,2005, Eckerly contacted Masse, informing him that the acceptance had been delivered one daylate. As a result, Eckerly refused to honor the acceptance. Which of the following is the mostcorrect statement?a. There is no contract between Eckerly and Masse. However, if Masse would have mailedthe acceptance on June 30, 2005, a contract would have been created.b. There is a contract between Eckerly and Masse. The moment that Masse gave theacceptance to the messenger, a contract was formed because acceptances are validimmediately upon dispatch.c. There is a contract between Eckerly and Masse. The fact that the acceptance arrived onlyone day late is of no significance.d. There is no contract between Eckerly and Masse.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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