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Newspaper
Titonka Topic
Location
Titonka, Iowa, United States of America
Date
Nov 07, 1957
Page
8
Analysis states Jones’s counter-offer of 11 000 terminated Smith’s offer, making no contract. If Jones had accepted the first offer, a binding contract could have arisen and been enforceable against Smith. The article notes the Iowa State Bar Association disclaimer and legal caveats.
Clifford Swanson, chief of the safety department research bureau, releases grim traffic crash statistics. At 25 mph in towns the death chance is 1 in 300, at 65 mph in rural areas 1 in 15. Increasing speed halves survival odds from 56 to 65 mph.
A buyer and seller exchange offers. Smith offers to sell for 12000 dollars. Jones counters with 11000. Jones then accepts the 12000 in a later letter. Smith plans to sell to another party. Jones seeks to enforce the original offer as a binding contract.
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