On September 16, Wests president orally offered to hire Dodd Consultants, Inc. to do computer...
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Accounting
On September 16, Wests president orally offered to hire Dodd Consultants, Inc. to do computer consulting for West. The offer provided for a three-year contract at $5,000 per month. West agreed that Dodd could have until September 30 to decide whether to accept the offer. If Dodd chose to accept the offer, its acceptance would have to be received by September 30.
On September 27, Dodd sent West a letter accepting the offer. West received the letter on October 2. On September 28, Wests president decided that Wests accounting staff could handle Wests computer problems and notified Dodd by telephone that the offer was withdrawn. Dodd argued that West had no right to revoke its offer, and that Dodd had already accepted the offer by mail.
Please answer both questions with true or false correctly based on the prompt above.
True/ False. Dodd is correct in its claim that it has a binding contract with West because Wests offer could not be revoked before September 30.
True/False. Dodd is correct in its claim that it has a binding contract with West because Dodds acceptance was effective on September 27, when the letter accepting the offer was mailed.
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