Buyer a supplier ask Seller a manufacturer, to submit a proposal for manufacturing a telescope. A few days later, Seller sent Buyer a letter, Offering to manufacture a telescope within a commerically reasonable time period at a price to be agreed upo at a later date when all of Seller's costs were known. Upon receipt of the letter, buyer called seller. During this telephone conversation, Buyer stated, I accept so long as the price does not exceed $400 and you can deliver the telescope by May 1 seller assented to Buyers response.
Buyer sent seller a written, signed confirmation the next day, listing a May 1 delivery date and stating that the price shall not exceed $400. After receiving the confirmation, Seller began to manufacture the telescope.
On May 1, Buyer learned that Seller completed the manfacture of the telescope, but sold the telescope to another supplier for $500
What rights, if any does Buyer have against Seller? Discuss
Answer
Do your own homework.
Answer
Law Student gets take-home final exam but did not study enough during the semester and cannot answer the questions on his own. Instead of trying to learn what he should have learned over the past few months, he presents the question to a panel of lawyers without revealing that it is from an exam, hoping that they will believe it is a real-world problem and that they will provide an answer. Lawyers see through his ploy and refuse to help.
Will Law Student pass his exam? Will he graduate from law school? Will he be able to pass the bar exam, which does not include any take-home questions? Will he ever be able to practice competently? Will he be an ethical attorney? Discuss.
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