Ltv corporation a manufacturer of all-terrain vehicles, Operation Management

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Ltv corporation a manufacturer of all-terrain vehicles

LTV Corporation, a manufacturer of all-terrain vehicles, needed shipping crates to export the vehicles. LTV, therefore, circulated a detailed invitation to bid to obtain a local supplier who could manufacture 8,000 crates according to specifications, at a total cost exceeding $50,000.

Bateman submitted a written bid, which LTV accepted. LTV never signed Bateman's bid and repudiated the contract after only 1,000 crates had been ordered. Bateman sued LTV.

Who wins? Why?

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