On June 1st, Maureen Sent a Letter to Joel That

question 42

Essay

On June 1st, Maureen sent a letter to Joel that offered to sell 10 000 shares in Tadpole Inc (a computer software company) for $5 each. Her letter did not require Joel to respond by any particular date. On June 3rd, Tadpole Inc publicly announced that its engineers had perfected a new technology that would revolutionize the electronic commerce industry. By June 4th, the price of a single share in the company had increased to $100. On June 6th, Joel returned from his cottage and learned of both Maureen's offer and the price of Tadpole Inc shares. He promptly sent a letter to Maureen that said, "I accept your offer. I will pay a total of $50 000 for 10 000 shares in Tadpole Inc." Maureen obviously no longer wants to sell her shares under the price that she quoted in her offer. Discuss the factors that a court would consider in deciding whether or not she and Joel had created a contract.

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Definitions:

Initial Cash Flow

The amount of cash inflow or outflow at the beginning of a project or investment, setting the basis for future financial analysis.

Equipment Modifications

Changes or adjustments made to machinery or equipment to suit specific needs or improve efficiency.

Grading And Excavation

The process of moving earth, soil, and rock to create a level base for construction projects or to achieve the desired landscaping design.