Introduction to business law

Answer to Question #1

Eddie has a legally binding contract with Adele. Generally, price quotes are not offers for it is no more than an invitation to treat. The courts will look at the language used in the light of the circumstances in which it is used and into the subsequent actions of both parties to determine whether what is said by the seller is a mere quotation of price or an offer to sell as held in the case of Canadian Dyers Association vs. Burton 47 O.L.R. 259 (H.L). An offer is the manifestation of willingness to enter into a bargain, so that another person is justified in understanding that his assent to that bargain is invited and will conclude it (s.24 Restatement).
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