Luna is a member of the Sidewalk Players, a band that performs on sidewalks around New York. The band regularly practices at a local community center. Luna, who plays the trumpet in the band, recently bought a new trumpet, and is interested in selling her old one. She posts the following notice at the community center:   Offering the following trumpet for sale for $500 (picture of trumpet inserted) to members of the Sidewalk Players. If you are interested, please email Luna at lunasidewalkplayers   a. Jared is not a member of the Sidewalk Players but sees the notice and emails Luna. May he accept the offer?   b. Kayla is a member of the Sidewalk Players. She emails the following to Luna, “I am interested in buying the trumpet but will not pay more than $400. Are you interested in selling it for $400?” When Kayla does not here back from Luna after a week, she proceeds to send her a second letter that states, “I accept your offer to sell the trumpet pictured in your notice for $500.” Is there a contract?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Luna is a member of the Sidewalk Players, a band that performs on sidewalks around New York. The band regularly practices at a local community center. Luna, who plays the trumpet in the band, recently bought a new trumpet, and is interested in selling her old one. She posts the following notice at the community center:

 

Offering the following trumpet for sale for $500 (picture of trumpet inserted) to members of the Sidewalk Players. If you are interested, please email Luna at lunasidewalkplayers

 

a. Jared is not a member of the Sidewalk Players but sees the notice and emails Luna. May he accept the offer?

 

b. Kayla is a member of the Sidewalk Players. She emails the following to Luna, “I am interested in buying the trumpet but will not pay more than $400. Are you interested in selling it for $400?” When Kayla does not here back from Luna after a week, she proceeds to send her a second letter that states, “I accept your offer to sell the trumpet pictured in your notice for $500.” Is there a contract?

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