Legal Question in Business Law in New York

Suppose that A mailed B a letter stating, �I wish I could find someone to buy my car for $10,000.� B knows that $10,000 is a reasonable price. Therefore, B mails a letter to A stating, �I will buy your car for $10,000.� Does a contract exist?


Asked on 8/26/12, 5:24 am

1 Answer from Attorneys
Philip Katz Fink & Katz, PLLC

Sounds more like a law school question than a real life situation. In both law school as well as real life, my answer would be "no, there is no contract." First, A saying "I wish I could find someone..." is not an offer to B. Given that A's letter is not an offer, there was nothing for B to accept when he mails the letter to A. B's mail could be considered an "offer," I suppose, but A has not replied to accept the offer to purchase, based upon your hypothetical.

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Answered on 9/03/12, 7:47 am


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