Sam Had Been a Friend of Joe for a Considerable

question 122

Essay

Sam had been a friend of Joe for a considerable period of time and had often accompanied him as he sailed his classic yacht.Sam had often communicated to Joe how much he would like to have the boat.On Friday night,a friend told Sam that Joe had suffered some business reverses and was going to have to get rid of the yacht.Sam immediately wrote Joe a letter offering to purchase the yacht for $25 000.Unknown to Sam,Joe had written Sam a similar letter offering to sell the yacht for $25 000.These two letters passed in the mail.Joe received Sam's letter at about noon on Saturday,and Sam received Joe's letter at about 2:30 p.m.on Saturday.Are these people bound in contract? Explain.

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Definitions:

Broader Definition

involves expanding the meaning or scope of a concept to encompass a wider range of phenomena or interpretations.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but rather work from home or a location close to home, utilizing telecommunication technologies.

Job Performance

The level of effectiveness and efficiency with which an employee completes their assigned duties and responsibilities.

Perceptions of Fairness

Individuals' judgements about whether they are being treated justly in social interactions, particularly regarding decisions that affect them.