Random Contracts Question
Posted: Fri Jul 22, 2016 1:36 pm
Hi all,
I encountered this while reviewing contracts:
SS 43 of the Restatement states that an offeree's power of acceptance is terminated when the offeror takes definite action inconsistent with an intention to enter into the proposed contract and the offeree acquires reliable information to that effect.
Assuming that the offeree had knowledge of the action and that it is a definite action that is taken, what is the result if the action is "not considered to be an act inconsistent with an intention not to enter into a contract"?
Thanks
I encountered this while reviewing contracts:
SS 43 of the Restatement states that an offeree's power of acceptance is terminated when the offeror takes definite action inconsistent with an intention to enter into the proposed contract and the offeree acquires reliable information to that effect.
Assuming that the offeree had knowledge of the action and that it is a definite action that is taken, what is the result if the action is "not considered to be an act inconsistent with an intention not to enter into a contract"?
Thanks