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ASSIGNMENT 1 PART A ISSUE: Does the correspondence create a contract? LAW: An offer must be made by one party and accepted by the other. APPLICATION: To determine if there has been a valid exchange of offer and acceptance by the respective parties their correspondence and actions must be examined. In his letter on 10 August Curtis stated that 'I think I'd sell it for as little as $50' in reference to possibly selling the land. This statement by Curtis does not appear to indicate a definite intention to sell or offer to sell to Thornton. Here the statement by Curtis is a mere supply of information. Curtis states the lowest price he would be willing to accept for the land. 1 2 As a result the letter sent by Thornton to Curtis on 25 August would thus be considered an offer to buy the property. 3 This would still be the case if...

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