Technology is a science or knowledge put into practical use to solve problems or invent useful tools. People can use technology to: produce goods or services; carry out goals, such as scientific investigation or sending a spaceship to the moon; solve problems, such as disease or famine. Through exponential use that we have seen since the 90s alone has left a positive mark on society. The major fields of society that technology has impacted include: transportation, agriculture, communication, medicine, education, and business. For example, over the last few years there has been a steady increase in the popularity of electric vehicles. They are a lot more cost efficient and environmentally friendly than the traditional gas powered vehicles. The increase in technology innovation has made it a lot easier for people all over the world.
Whether or not Peter Lake made an offer to sell microphones to Pearly Soames depends on if it falls under the conditions of an offer. 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 stated, “I will sell you ten microphones for $45 a piece.” Lake followed this offer by writing a note of it, stating, “Will sell to Pearly Soames 10 microphones @ $45/ea. Offer expires May 25. [signed] Peter Lake.” Lake clearly stated the offer and terms, and showed willingness and intent to form a contractual obligation. Soames was aware of the price of goods, and expiration of the offer. Thus, a valid offer was made by Peter Lake to sell ten microphones for $45 each to Pearly Soames.
Lake and Soames Acceptance (Microphones)
Whether Soames agreed to Lake’s offer for the sale of the microphones depends on the principals of acceptance. 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 did not accept Lake’s offer immediately. The offer was made on February 17, and on May 20th, when Lake contacted Soames for a separate agreement, Soames communicated to Lake directly that he accepted the offer to purchase ten microphones for $45 each. The acceptance of this offer fell before the expiration, and was absolute and unconditional. Therefore, Soames agreement to Lake’s offer to purchase ten microphones for $45 each is valid and applicable.
Lake and Soames Enforceability (Microphones)
Whether Peter Lake can revoke his offer to sell the microphones to Soames is dependant on if a contract was formed prior to revocation. A contract is formed when one party, the offeror, makes an offer that is accepted by the other party the offeree. The offeror is free to revoke the offer at any point before the offeror accepts. Lake made an offer to sell ten microphones for $45 each to Soames on February 17th. On May 20th, Soames accepted his offer, thus forming a contract. After the acceptance, Lake claimed that he had every right to refuse to sell the microphones. Lake cannot refuse to sell the micr
