On 10 August, Beatrix offered to sell Bill a
katana (a type of samurai sword), via email, for $20,000. Beatrix’s email
stated that the offer was to remain open until 8:00pm on 15 August.
On 13 August, Beatrix sold the katana to Pai
Mei.
On 14 August, Bill sent Beatrix an email
accepting her offer. Later on that same day, Beatrix sent Bill an email telling
him the bad news – the katana had been sold to Pai Mei.
Is there a contract between Beatrix and Bill?

Question

On 10 August, Beatrix offered to sell Bill a
katana (a type of samurai sword), via email, for $20,000. Beatrix’s email
stated that the offer was to remain open until 8:00pm on 15 August. 
 On 13 August, Beatrix sold the katana to Pai
Mei. 
 On 14 August, Bill sent Beatrix an email
accepting her offer. Later on that same day, Beatrix sent Bill an email telling
him the bad news – the katana had been sold to Pai Mei. 
 Is there a contract between Beatrix and Bill?

Answer

There is not enough information presented in
this scenario to say either way.

Answer

No, they don’t have a contract. Until there is
actual payment of the price, there is no contract.

Answer

No, they don’t have a contract. The sale of the
katana to Pai Mei amounts to an implied revocation of the offer.

Answer

Yes, they have a contract. As the offer was still open
and revocation was not communicated to Bill before his acceptance, Bill has a
contract with Beatrix.

Crowdly

On 10 August, Beatrix offered to sell Bill a katana (a type of samurai sword), v...

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