Question

CONTRACTS3. Joe offered to sell Harry his car for a specific price, and Harry indicated that heneeded some time to think about it. Two days later, Joe sold the car to a third party.That afternoon, Harry phoned Joe and told him that he had decided to accept the offerand that he'd buy the car. Joe told Harry that it was too late; he had sold the car tosomeone else. Harry said that it had been offered to him first, and he insisted that Joego through with the contract.1. Was there a valid contract between Joe and Harry? Your answer must specificallyreference each of the elements of a valid contract and describe how each relateto the facts presented above.2. If you conclude that there was a valid contract, explain the legal liability of eachof the parties.2.​

Answer 1

Answer:

told him that he had decided to accept the offerand that he'd buy the car. Joe told Harry that it was too late; he had sold the car tosomeone else. Harry said that it had been offered to him first, and he insisted that Joego through with the contract.1. Was there a valid contract between Joe and Harry? Your answer must specificallyreference each of the elements of a valid contract and describe how each relateto the facts presented above.2. If you conclude that there was a valid contract, explain the legal liability of eachof the parties