On Tuesday, Jon offered to sell his CD collection to Sandy for $100. Sandy repli

Question

On Tuesday, Jon offered to sell his CD collection to Sandy for $100. Sandy replied, "I'm interested. I'll think it over and let you know Thursday whether I want to buy the CDs." On Wednesday, Jon agreed to sell the CDs to Jason, and Jason immediately gave Jon a letter that stated: "Jon, I will buy your CD collection for $100. As we agreed, I will pay you on Friday when I pick up the CDs. Yours truly, Jason." Upon Jon's receipt of this letter on Wednesday, what best describes Jons contract agreement(s)? a) By forming an agreement with Jason, Jon breached his contract with Sandy because he did not effectively revoke his offer to Sandy. b) Jon has formed contracts with both Jason and Sandy because Jon did not effectively revoke his offer to Sandy and created an enforceable written agreement with Jason. c). Jon and Jason have formed a valid, enforceable contract; Jons offer to Sandy was properly revoked. d) Jon effectively revoked his offer to Sandy, but has not formed an enforceable contract with Jason because Jason has not yet paid for the CD collection.

Explanation / Answer

The correct choice is C

Explanation : - Jon and Jason have formed a valid enforceable contract because it has the four elements necessary to entitle atleast one of the parties to enforce it in court . These elements are

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