Asked by Adarsh Prasad on May 27, 2024
Verified
In Kolodziej v.Mason,the case in the text,the court held that Mason's Dateline statement:
A) was an offer because its terms were definite and specific.
B) was an offer because there were no terms left to negotiate.
C) was an offer because Mason created an escrow account for the funds in anticipation of acceptance.
D) was not an offer because he did not have the intent to create an offer.
Offer
A proposal presented by one party to another with the intention to create a legally binding agreement upon acceptance.
Escrow Account
An escrow account is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealings.
- Deploy the objective theory of contracts and detect anomalies in standard contract doctrines.
Verified Answer
AS
AKANSHA SINGHMay 29, 2024
Final Answer :
D
Explanation :
The court held that Mason's statements were such that a reasonable,objective person would have understood them to be an invitation to contract.The court further found that neither the content of Mason's statements,nor the circumstances in which he made them,nor the conduct of the parties reflects the assent necessary to establish an actionable offer.
Learning Objectives
- Deploy the objective theory of contracts and detect anomalies in standard contract doctrines.