Business Law: Contracts: Case Scenario

Business Law: Contracts: Case Scenario

On October 1, Tsering received the following letter from Shoshanna: I understand that you are interested in buying a pick-up truck, I will sell you mine for $10,000 all cash, and will have it ready for delivery to you on November 15. (Signed) Shoshanna.

Later that day Tsering telephoned Shoshanna and inquired: Can I have 20 days to think over your offer? Shoshanna replied: O.K., you have an irrevocable option for 20 days. Write to me when you decide.

On October 6, Tsering wrote Shoshanna: I am still very much interested in your offer. Im a little short of cash at the moment and would like to know if you would consider taking $5,000 cash and my 30-day note for the other $5,000? (Signed) Tsering. Shoshanna did not reply.

On October 10, without Tserings knowledge, Shoshanna sold and delivered the truck to T for $11,000 cash.

On October 15, Tsering wrote Shoshanna: I have decided to accept your offer and will pay you $10,000 in cash when I pick up the truck on Nov.15. (Signed) Tsering. Shoshanna wrote back: The truck is sold. Tsering sues Shoshanna for damages for breach of contract. Judgment for whom? Explain.

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