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Ch 07 Dynamic for Reflection

Ch 07 Dynamic for Reflection

Q Browne offered to sell Houlihan his recently purchased 50-inch plasma screen television set for $6400. Houlihan sent Browne an e-mail accepting the offer but asked if she could pay Browne in four equal monthly installments of $1600. Browne did not acknowledge Houlihan's e-mail and instead sold the television set to Drew for $6200. Houlihan then purchased a new set for $7400 and sued Browne for $1000, the difference in price. Did Houlihan and Browne have a valid contract and will Houlihan be able to recover $1000 form Browne? You will see this again in Chapter 8: The Offer and Acceptance. For this chapter, do you feel we have a 'meeting of the minds', a contract? Try to state what Houlihan's position is, and what Brown may argue:

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I feel that this is a clear case of Counteroffer. This is because in this case there is the evidence and the observance of an alternate offer which has been made to the offeror by the offeree. Also, to fulfil the criteria of a Counteroffer, it is important that the original offer does not remain into existence after the alternate offer has been made by the offeree to the offeror (Liuzzo & Bonnice, 2016). In this case, there must be considerations made for understanding the terms and conditions or the criteria of counteroffer, firm offer as well as offer.