(SOLVED)Sally decided to hold a garage sale.

Discipline: Accounting

Type of Paper: Question-Answer

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1500

Question

Writing Assignment # 8


Sally decided to hold a garage sale. She posted signs in the neighborhood which read: “Giant Garage Sale — Electronic keyboard: $200 (one only), designer clothes, CD’s, Books and More! Sunday, Noon to 4:00 p.m.”

On Sunday, Andy saw one of Sally’s signs, and arrived at her home promptly at noon. He examined the keyboard and then announced, “I’ll take the keyboard for $200, but first I need to get a truck to move it home. I’ll be back before 4:00 with the money and a truck.” Before Sally could respond, he left.

Sally’s friend, Betty, stopped by at 1:00, and saw a designer gown. Betty told Sally, “I’d love to buy that gown, but I can’t afford it!” Sally replied, “I had hoped to get $400 for the gown, Betty, but you’ve helped me out before, and I’ve always wanted to pay you back. So, if I can’t sell it for $400 by 3:30, the gown is yours for free.” Betty thanked Sally and left.

At 1:30, Chuck browsed through the garage sale and found a set of art books. “I want to buy these,” he told Sally, “but I don’t have any cash with me.” “That’s O.K.,” Sally replied. “I’ll sell you those books for $100. The offer’s open until 4:00.” “Thanks,” Chuck answered, “I’ll be back as soon as I can.”

At 3:30, Betty called Sally and asked if anyone had purchased the gown yet. “Not yet,” Sally replied. “No one’s here so I’m going to close up early. It looks like it’s yours.” “Thanks,” Betty responded. “I am going to run to the store and buy shoes and a purse that match the gown.”

At 3:45, Debbie arrived at the sale, pointed at the gown Sally had promised to Betty, and said, “I’ll buy that gown for $300, and I’ll buy that set of art books too.” Sally sold the gown and books to Debbie.

Chuck returned before 4:00, saw Debbie carrying the books and said to Sally, “You can’t sell those books to her! We had a deal!” Although he attempted to give Sally $100, she refused the money.

Betty arrived shortly thereafter, and showed Sally the shoes and purse that she had purchased to go with the gown. Sally told her the evening gown had been sold.

Does Andy have an enforceable contract with Sally? Discuss.

Does Betty have an enforceable contract with Sally? Discuss.

Does Chuck have an enforceable contract with Sally? Discuss.


Open a blank Microsoft® Word® document which should be labeled 'Legal Writing 604 Assignment # 8' followed by your last name and your student number. Once you have completed this assignment, save it on your computer where you will be able to find it. You will then use the 'browse' button at the bottom of the assignment to retrieve the assignment and then submit it by clicking the 'upload' button.

Please carefully follow the below instructions:

This assignment should be taken under exam conditions (one-hour time limit, closed book, no smoking). The assigned essay questions should be taken at one sitting. Please write your answer in the IRAC format.

Your assignment will be evaluated and critiqued. You will receive your personal feedback on your assignment within 14 days.

Please write an IRAC answer to the Above Contract essay.


Remember, this assignment must be prepared in Microsoft® Word® using the Times New Roman font, 12 point, single space, double space between paragraphs. Each page must be numbered and your last name and student number included on the upper left hand corner of each page.

This research/writing assignment is to be submitted in the box at the bottom of the assignment page.

The Microsoft® Word® file name must read Legal Writing 604, Assignment # 8 followed by your last name and student number (Example: Legal Writing 604, Assignment # 8, Jones, # 3500).


 


EXPERT SOLUTION PREVIEW


Validity of Contracts


The determination of whether Andy, Betty or Chuck had an enforceable contract will be based on whether a valid contract had been formed. A valid contract requires an offer, acceptance and consideration.


Governing Law


The UCC governs contracts for the sale of goods which are movable things at the time of identification to the contract. All of the items sold by Sally are movable and therefore, goods. Thus, the UCC will control.



Andy v. Sally for keyboard


Offer


An offer is an outward manifestation of a present contractual intent requiring definite and certain terms, communicated to the offeree.


Sally’s posted signs


Sally’s posted signs which stated Electric Keyboard: $200 (one only) were not an offer because it is not definite as to who the parties are. It is a solicitation for offers that invites people to come to her yard sale and negotiate with her as usually happens at yard sales.



Sally may argue that since the sign was specific in the number of keyboards for sale (1) and the price ($200) and time for acceptance (Noon to 4:00 p.m.) it contained sufficient details to be considered an offer. Further, since Andy responded to the sign by arriving promptly at noon willing to pay the $200, he showed that he believed it was an offer that was available for acceptance.



Under the UCC, which liberally construes the requirements of an offer, quantity and parties must be included for it to be an offer. Since the parties were not definite, it is not a…..