Contract Law Question!!
Posted: Mon Mar 22, 2010 10:20 pm
I am doing a contract law problem on a textbook, Im stuck and i need help.
Basic premise of it goes:
Offeror of the contract died a day after he sent out revocation letter to offeree to revocate the his own offer, and the offeree sent out "acceptance letter of the contract" couple of hours before Offeror died.
Therefore timeline goes like this
1) Offeror sends out RECOVATION LETTER
2) Offeree sends out acceptance letter which is effective upon dispatch
3) Couple of hours after Offeree sent out the accepting letter, Offeror DIED in a car accident.
Is there a contract...?
My guess is that although offeree sent out an acceptance letter, the offeror died in a car accident. Theres no parties remaning for further negotiation or contracting...so theres no contrtact... I dunno... im just mumbling help me out!!
Basic premise of it goes:
Offeror of the contract died a day after he sent out revocation letter to offeree to revocate the his own offer, and the offeree sent out "acceptance letter of the contract" couple of hours before Offeror died.
Therefore timeline goes like this
1) Offeror sends out RECOVATION LETTER
2) Offeree sends out acceptance letter which is effective upon dispatch
3) Couple of hours after Offeree sent out the accepting letter, Offeror DIED in a car accident.
Is there a contract...?
My guess is that although offeree sent out an acceptance letter, the offeror died in a car accident. Theres no parties remaning for further negotiation or contracting...so theres no contrtact... I dunno... im just mumbling help me out!!