Business Law

  Lamar Smunt, eccentric millionaire, sends Casimir Rogin" rel="nofollow">insky, famous portrait artist, a letter offerin" rel="nofollow">ing to pay Rogin" rel="nofollow">insky $500,000 to do a portrait of Smunt’s mother. Rogin" rel="nofollow">insky sends back a letter that says, “I’ve had the misfortune of seein" rel="nofollow">ing your mother and would need $750,000 before my artistic sensibilities would allow me to undertake such a harrowin" rel="nofollow">ing project-" Three hours later, after reflectin" rel="nofollow">ing upon the sad state of his fin" rel="nofollow">inances, Rogin" rel="nofollow">insky telephones Smunt and says, "I’d be delighted to pain" rel="nofollow">int your lovely mother. Destroy my letter without readin" rel="nofollow">ing it- It was sent by mistake-" Smunt disregards Rogin" rel="nofollow">insky’s in" rel="nofollow">instructions and reads Rogin" rel="nofollow">insky’s letter when it arrives- He becomes enraged S-1 3 at the in" rel="nofollow">insult to his mother and refuses to allow Rogin" rel="nofollow">insky to do her portrait- Rogin" rel="nofollow">insky files a breach of contract suit again" rel="nofollow">inst Smunt- Discuss Rogin" rel="nofollow">insky’s chances of success by usin" rel="nofollow">ing the source Cheeseman 2013- Consider the followin" rel="nofollow">ing topics: Offer and acceptance When can an offer be accepted? When can an offer be revoked? The mailbox rule Traditional acceptance under the rule and a more modern view under the UCC and the Restatement