On July 1 Judy receives an offer by mail from Bob to sell Bo

On July 1 Judy receives an offer by mail from Bob to sell Bob\'s BMW for $30,000. Bob includes in the letter that the offer will be open until July 15. On July 12, Judy sends a return letter by U.S. Postal Service certified return receipt accepting the offer. For an unexplained reason, Bob does not receive the letter until July 17. On July 16 Bob and Frank agree on a sale of the car for $31,000. Judy wants the car. 1.

Solution

Judy acceptance of offer is valid till July, 15.

Under the traditional rule the acceptance is valided if it is received within the time period mentioned on the offer. Here the offer was received on Jul 17 and the offer had already expired on Jul 15.

Bob and Frank can go ahead and agree on the sale of car on Jul 16.