At lunch with two co-workers, the owner of a bike offered to…

At lunch with two co-workers, the owner of a bike offered to sell it to his manager for $100. His manager replied, “That ancient thing? I’ll give you$50 for it.” The owner’s assistant then stated, “I’ll buy it for $75.” Immediately after the owner responded, “OK,” the manager said, “Wait a minute. How old is it?” When the owner replied, “Two years old,” the manager said, “OK, I’ll buy it for $100.” Which of the following statements is true?

A theater owner wanted to renovate the interior of the class…

A theater owner wanted to renovate the interior of the classic theater that he owned. The theater owner contacted a light vendor and the parties began negotiating a deal for unique stage and overhead lighting for the theater. After a couple of phone calls, the light vendor sent a letter to the theater owner that stated: “20 overhead fixtures and 14 stage lights to be delivered on the first of the month.” The theater owner, intending to form a contract, responded with a signed letter containing the following: “Delivery, fixtures, and stage lights sound good. Installation would also be helpful.” After the light vendor received the theater owner’s letter, was there an enforceable contract between the theater owner and the light vendor?