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Newspaper
Titonka Topic
Location
Titonka, Iowa, United States of America
Date
Nov 07, 1957
Page
6
Discussion notes that Jones’s counter offer of 11 000 dollars terminated Smith’s 12 000 dollar offer, destroying any contract. It explains that a first letter accepting would have created a binding agreement, but the counter offer acted as a rejection. The article is prepared for public information by The Iowa State Bar Association.
From 20 plants Lorenz Baum of near Red Oak gathered three bushels of sweet potatoes. At Guthrie Center the Max Bloss garden yielded a large pickle and a cucumber measuring 11 inches and weighing nearly three pounds.
Clifford Swanson of the safety department reports grim traffic death odds. At 25 mph urban 1 in 300, rural 1 in 125. 55 mph rural 1 in 30, 65 mph rural 1 in 15. He notes many factors not captured and asks if higher speed is ever worth the risk.
A buyer and seller debated binding terms after a written offer of 12 000 by Smith to Jones, Jones countered at 11 000, then Jones accepted 12 000 in a later letter, Smith planned to sell to another party, and Jones claimed a binding contract existed.
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