Sally and Tim have been friends for a long time. Sally has had a 1967 Ford Mustang for about 10 years, she inherited it from her father after he passed away. Tim has told Sally many times that the car is now worth a significant amount of money and she should look in to selling it, but she always tells him that she will never sell the car. One day, after hiking Tim and Sally were starving and stopped at the closest restaurant. When they got inside Sally realized her wallet must have fallen out of her bag while they were hiking. In her head, she is laughing at her bad luck and she turns to Tim and says “if someone gave me a handful of cash right now I would give them my mustang”. Tim, turns to her and asks “so you would give me your mustang for 50 dollars” Sally, chuckling turns and says “Yes I am so hungry, if you give me 50 dollars I will give you my mustang”. Tim gives Sally 50 dollars and the next day shows up at her house for the car. Sally can’t believe it, she didn’t mean to sell him her mustang for 50 dollars and tells him to leave.
Part 1: Did Sally make an offer to Tim to sell him her mustang?
Part 2: If we assume that Sally’s statements were an offer, were the terms definitive enough for a contract to be formed?
Sample Solution
