Problem:
Peter visited a car dealership and test-drove a used car. After discussing the price with the salesman, Brian, and learning that he could purchase the car for $500 less than the sticker price, Peter asked Brian to hold the car for him until 8:00 that evening so that he could bring his wife back to see the car. Brian agreed, writing out a note promising not to sell the car before 8:00P.M. The note was written on dealership stationery, but Brian did not sign his name. The dealership broke its promise and sold the car to Stewie before 8:00 P.M. Was it free to revoke its offer to Peter? Stewie, the new purchaser of the car (and a nonmerchant), later offered in a signed writing to sell the car to Lois and to hold the car for her until she returned with her husband. Could Stewie revoke this offer? Discuss the outcome using legal principles (include an analysis of both common law and UCC. For each part, specify which law applies and why. Complete the analysis using the appropriate law.)