Legal Question in Business Law in Florida

Peter visited a car dealership and test-drove a used car. After discussing the price with the salesman, Brian, and learning that he could purchase the car for $500 less than the sticker price, Peter asked Brian to hold the car for him until 8:00 that evening so that he could bring his wife back to see the car. Brian agreed, writing out a note promising not to sell the car before 8:00P.M. The note was written on dealership stationery, but Brian did not sign his name. The dealership broke its promise and sold the car to Stewie before 8:00 P.M. Was it free to revoke its offer to Peter? Stewie, the new purchaser of the car (and a nonmerchant), later offered in a signed writing to sell the car to Lois and to hold the car for her until she returned with her husband. Could Stewie revoke this offer? Discuss the outcome using legal principles learned in this unit.(Include an analysis of both common law and UCC. For each part, specify which law applies and why. Complete the analysis using the appropriate law.)


Asked on 2/22/11, 7:29 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I need to tell you the following. This bulletin board is for specific, real questions. Not homework assignments or hypothetical situations. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 2/23/11, 8:39 am


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