Explain-contract for sale of the land


Response to the following scenario:

Ball writes Sullivan and inquires how much Sullivan is asking for a spe­cific forty-acre tract of land Sullivan owns. In a letter received by Ball, Sullivan states, "I will not take less than $60,000 for the forty-acre tract as specified." Ball immediately sends Sullivan a telegram stating, "I accept your offer for $60,000 for the forty-acre tract as specified." Can Ball hold Sullivan to a contract for sale of the land?

Limit answers to approximately two paragraphs. Use the IRAC formula to address the situation. Cover the rule of law and briefly apply it to the situation.

Use the IRAC Formula to cover the rule of law and apply it to the situation.

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Business Law and Ethics: Explain-contract for sale of the land
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