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American Contract Law for a Global Age, 2017a

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lakefront cabin job. Owner is unable to check emails <strong>for</strong> a few days, and ultimately<br />

sees Painter’s message on April 15. When Owner returns, she discovers that she<br />

cannot hire anyone else to paint the cabin <strong>for</strong> less than $8,500. She demands that<br />

Painter finish the work. He refuses. She hires another company and sues <strong>for</strong> the<br />

$3,500. Painter moves <strong>for</strong> summary judgment on the ground that no contract was<br />

ever <strong>for</strong>med. What will the two sides argue in this case? You might find sections 45<br />

and 62 of the Restatement (Second) of <strong>Contract</strong>s helpful in answering this question.<br />

Problem 6.3<br />

Owner has a piece of property called Blackacre. Buyer is interested in<br />

purchasing it. The following exchange takes place:<br />

May 1 Buyer sends a letter to Owner, offering to buy Blackacre<br />

<strong>for</strong> $50,000.<br />

May 2<br />

May 3<br />

May 4<br />

May 4<br />

May 5<br />

May 6<br />

May 7<br />

Buyer sends a second letter to Owner withdrawing the<br />

offer.<br />

Owner receives Buyer’s 5/1 letter which includes the<br />

offer.<br />

(10 a.m.) Owner mails an acceptance of the 5/1 offer.<br />

(4 p.m.) Owner receives Buyer’s 5/2 letter withdrawing<br />

the offer.<br />

Owner mails a revocation of its 5/4 letter of acceptance.<br />

Buyer receives Owner’s 5/4 letter of acceptance.<br />

Buyer receives Owner’s 5/4 letter revoking the<br />

acceptance.<br />

It is now May 10, and Buyer decides she wants to purchase the property. Is there a<br />

contract? Why or why not?<br />

____________________<br />

______________________________________________________________________________<br />

UNIT 6: ACCEPTANCE 113

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