Question

17. Edwin, Marketing VP of Amalgamated Sales Inc. writes a letter dated August 1 to Bargain Stores Inc. offering to sell candy to Bargain Stores at $50 per case for the next 30 days. Bargain Stores then contracts with local retailers based on the offer from Amalgamated. Ten days later, Amalgamated receives an offer from Dandy Stores Inc. to purchase this same candy at a price of $75 per case. Can Amalgamated withdraw its offer to Bargain Stores? A. Yes, the offer may be withdrawn since it lacks consideration. B. Yes, the offer was simply an invitation to negotiate C. No, this is only an option. D. No, this is a firm offer. 18. Jordan is charged with a crime, and Jeff is chosen to be on the jury. Jordan offers to pay Jeff $500 if he votes not guilty. Jeff does so, but Jordan refuses to pay. Jeff sues Jordan for breach of contract. Jeff will A. lose because the contract is usurious. B. win because of the statute of frauds. C. lose because the contract is against public policy D. win because Jordan materially breached.

Answer 1

17)

Yes, Amalgamated can withdraw its offer to Bargain store as Bargain store has not accepted the offer from the Amalgamated. The offer was simply an invitation for the further negotiation by the bargain store.

Thus the option (B) is correct.

18)

The contract is against public policy and hence it is void.

Thus the option (c) is correct.