1. Sam sends Pamela a letter via mail on June 1 stating: “Dear Pamela, I am interested in selling you my car for $6,000. Please let me know what you think about it by June 17, 2016.” Is this an offer? Discuss.
2. From question 1, On June 15, Pamela sends a letter to Sam with a check of $6,000. On June 17, Sam sells the car to another person, since the letter does not arrive until June 18. On June 17, Sam also leaves a voicemail to Pamela saying: “Haven’t heard from you, so the offer is revoked.”
1. Has a contract been formed?
2. Did Sam effectively “revoke” his offer?
3. What are Pamela’s remedies?
From course of International Business Law.