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This exam, given by Professor Malcolm Ray Doubles on January 27, 1940, begins with the question:
1st: 9 A.M. S in California posts an offer to Bin N.Y. offering to sell a horse. (The terms satisfying the requirements of an offer.) B received this offer on the 4th at 9 A.M.)
1st. 2 P.M. B in New York posts an offer to S in California offering to buy the same horse on the same terms set out in S's offer. S recieved this offer on the 4th at 2 P.M.
3rd. 5 P.M. S posts via air-mail a revocation of his offer. B receives it on the 5th at 2 P.M.
5th. Noon. S posts via air mail an acceptance of B's offer. B receives it on the 7th at 11 A.M.
5th. 1 P.M. B telegraphs an acceptance of S's offer. S received it on the 8th at 1 P.M., due to delay in transmission.
7th. 9. A.M. S telegraphs a rejection of B's offer. B received it on the 7th at 10 A.M.
Discuss the effect of these communications upon the formation of a contract.
University of Richmond, "T. C. Williams School of Law, University of Richmond: Contracts I Exam, 27 Jan 1940" (1940). Archived Law School Exams. 50.