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Problem on a business law exam...? |
so i had this question on my business law exam and was unsure of the answer.... this is based off NY LAW When B told A he wanted the piano for $450, that was a counteroffer, which includes a rejection of the original offer to sell at $500. This canceled A's obligation to hold the offer open. A wins. id say that party B didnt hold up to his end of the cantract of paying the 500 and says so by saying he wants it for 450. So party A can sell it to whoeveras party B refused to pay 500. But is it a personal sale? or is party A in a buisness? "Wrote it on paper".... WHAT did they write on the paper and did both parties sign it? |
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