On Monday, Sam's Computer Company wires Bob's Computer Mart, I ...

[Chelseaamend]

On Monday, Sam's Computer Company wires Bob's Computer Mart, I have two IBM XT's for sale for 1700 each. You pay cost of shipping. Bob received the offer on Monday afternoon and wired back, You have a deal. 30 days same as cash. On Tuesday morning Sam called to revoke the offer. On Tuesday afternoon Sam received the wire. Sam says there is no contract and Bob says there is. Who is correct?

Question 2

Russ Belmont is a staff accountant at a bank in the downtown Phoenix area. Belmont commutes to the bank each day from his suburban home in Mesa - a distance of 19 miles each way. Belmont's working hours are 8:00 AM to 5:00 PM and he commutes from 7:15 AM until he reaches the bank's parking garage between 7:45 and 8:00 (depending upon the traffic). If Russ is in an accident while on the freeway at 7:30 AM:
 A) the bank will be liable for any injuries to third parties.
 B) the bank will not be liable for any injuries to third parties.
 C) Belmont is an independent contractor and the bank will have no liability for injuries or damages in the accident.
 D) None of the above

[TINA]

Answer to Question 1

Mailbox rule applies. There was a contract on Monday afternoon when the wire was sent. Between the two merchants, the 30 days additional terms will become part of the contract.

Answer to Question 2

B

[Chelseaamend]

Thanks for the timely response, appreciate it

[tkempin]

Great answer, keep it coming