MGMT 597 Discussion Week 1 Part 2

Class, after viewing this video was there an offer of a lease for the equipment?  If so, how long was the lease?  What price was the lease in the offer?  Was there an acceptance?  What exactly was accepted if there was an acceptance?  We will see that trying to answer all of these questions will lead us to quite a bit of uncertainty, even from our objective viewpoint of trying to determine whether a contract was formed.  Remember that we should approach this video and our question of whether there was an offer or acceptance from the point of view of a judge who is asked to view the video and decide whether a contract.   Question   Let’s assume for the moment that a contract is not formed in the video because a judge finds that the language used is not sufficiently definite to constitute an enforceable contract.  Is the salesman out of luck?  What about promissory estoppel as another means for the salesman to obtain a remedy for allowing the equipment to be used for one month?

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