On June 1, Maureen Sent a Letter to Joel That

question 31

Essay

On June 1, 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 3, Tadpole Inc publicly announced that its engineers had perfected a new technology that would revolutionize the electronic commerce industry.By June 4, the price of a single share in the company had increased to $100.On June 6, 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:

Charles Darwin

The 19th-century naturalist who proposed the theory of evolution by natural selection, revolutionizing our understanding of life on Earth.

Geologists

Scientists who study the Earth, its materials, and the processes by which it is formed and changed, providing insights into the planet's history.

James Hutton

James Hutton is known as the father of modern geology for his work in the late 18th century that introduced the concept of deep time and the principle that the earth is shaped by ongoing processes.

Charles Lyell

A 19th-century geologist known for his contributions to the principles of geology and the concept that the Earth was shaped by slow-moving forces still in operation today.