Question

Cody signs and returns a letter from Dora, referring to her sale of the Bar-D Ranch and its price. When Cody attempts to complete the deal, Dora re­fuses, claiming that they have no con­tract. Cody claims they do. What standard determines whether these parties have a contract?

Answer 1

answer-

The standards determine whether these parties have a contract are-

Promise/offer and Acceptance are one of the main standards to make a contract valid. in this case, Letter of Dora include offer to sell her Bar-D Ranch to Cody that is why letter is in hand of Cody on which Cody sign and show his acceptance so these standards are fullfilled.

second standard is Consideration so there was written price of the Bar D ranch on letter to each party get benefit from the contract.

Other standards include letter in writing, competency as both were adult and making contract in full capacity so these are fulfilled.

so fulfilling first and second standard make valid contract between them.if Dora refuse then she is breaching the contact.