Business response

  • Evaluate the elements and application of contract law and remedies available in the event of breach.
  • Distinguish between contracts governed by the Uniform Commercial Code and those governed by the common law of contracts.
  • Develop the ability to detect credible and reliable sources online resources to research and analyze court cases and other legal issues.

Write a response to the following scenario:

Harry, Larry, and their mother, Jenny, owned one hundred acres of real property in Idaho. When Jenny died, she left her interest in the property to Harry. Harry wrote to Larry offering to buy Larrys interest or to sell his own interest to Larry. He requested that Larry please respond to Belinda. In a letter to Harrynot to BelindaLarry accepted the offer to buy Harry’s interest in the property. By that time, however, Harry had offered to sell his interest to their sister, Mary, and she accepted.

 Did Harry and Larry have an enforceable binding contract, entitling Larry to specific performance?

 Or did Harry’s offer so limit its acceptance to one exclusive mode that Larry’s reply was not effective? Discuss.


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