ke and Soames Offer (Sound System)

Whether or not Peter Lake can enforce his contract with Soames for the sale of a custom sound system is reliant on if an offer was made in the first place. In order for an offer to be valid and binding, it must be clearly communicated, including definite terms. This includes the willingness of the offeror to enter into an agreement, the offeror’s intent to form a binding contract, and the explicit communication of the offer and the terms to the offeree. On February 17, Lake said to Soames, “I will sell it to you for $25,000. It will take about 90 days to put it together…” Peter Lake stated the price, the terms, and had the full intent to enter into an agreement. Soames was aware of these terms. A valid offer was created by Lake with the intent to sell a custom sound system to Soames.

Lake and Soames Acceptance (Sound System)

Whether Peter Lake and Pearly Soames had an agreement for the sale of a custom sound system depends on if there was an acceptance to the offer made. The acceptance of an offer may only be valid if it is express or implied directly to the offeror. It must fall within the prescribed time constraints, and acceptance must be absolute and unconditional. In this instance, Soames clearly stated, “Fine, I accept.” when Lake made an offer to sell the sound system for $25,000 in approximately 90 days. This was said directly to the offeror, Lake and was absolute and unconditional. Therefore, Soames’ acceptance of Lake’s offer is valid and applicable.

Lake and Soames Enforceability (Sound System)