Myra owns a house which she advertises for sale for 200000


Myra owns a house, which she advertises for sale for $200,000. On May 1, Nicole offers Myra $180,000 for the house. On May 5, Myra delivers to Nicole a form that includes additional terms but does not state a price. At 9 A.M. on May 6, Nicole signs the form and gives it to Odell, her administrative assistant, with instructions to mail it. At 10 A.M., Myra calls to tell Nicole that the deal is off. The next day, Odell mails the signed form to Myra. When Myra refuses to sell the house, Nicole files a suit against her, alleging breach of contract. Myra claims that there was no contract. What are arguments supporting each party’s position? What is the court likely to rule? Explain.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Myra owns a house which she advertises for sale for 200000
Reference No:- TGS02158697

Expected delivery within 24 Hours