Maxi Yacht Club Case Summary

520 Words3 Pages
Issue Relevant issues to this case are offer and acceptance whether which acceptance was effective. Rules and Application Gemstone decided to sell his Maxi yacht, and wrote a letter which was classified as an offer to sporting Yacht club. The letter wrote by Gemstone is a clear statement of the terms which he is ready to be bound by any potential acceptance and so this is an offer that prepared to be contractually bound (Graw, P40).The offer are offers to specific group “offering my yacht to members of your club… (Sporting Yacht Club)” this issue is applicable to the rule of the offeror deciding to whom the offer will be made. And furthermore, he limited the possible acceptors as he stated” the first member to accept my offer will receive this outstanding yacht”. As the precedent: Lefkowitz v great Minneapolis Surplus Sore 86 NW 2d 689 (Minn. 1957). The acceptance needs to be the member of the Sporting Yacht Club. The offer will become effective when communicated, the offers become effective after accept by acceptor, and have been communicated (Graw, P51), there were three acceptors to this offer that made by Gemstone. Gemstone doesn’t stated any acceptance method of communication and so, any kind of acceptance of communication methods available as long as it was first come first serve. The offeror may…show more content…
As time line applies, Chuck sent his acceptance at first, and he posted his letter before Slick and Dandy to accept Gemstone’s offer. The acceptance procedure of Chuck fit with Gemstone’s offer criteria, and he has the qualification as a member in the club, so the offer and acceptance form a contract has effective. Although Gemstone received it after reading Slick’s acceptance email, the first acceptance should be chuck due to the postal rule, for instance, Adams v Lindsell (1818) 1 B & Ald 681; 106 ER

More about Maxi Yacht Club Case Summary

Open Document