Limitations on bidding are permitted in professional bids such as in architecture and
service contracts.
a. True
b. False
An agreement among competitors for elimination of bidding is a violation of federal
antitrust laws.
a. True
b. False
Alpha Enterprises sent an offer to Omega Enterprises. The offer read as follows:
AVAILABLE FOR IMMEDIATE SHIPMENT: 600 WIRELESS NOKIA PHONES –
MODEL HCG5321 (THE PHONE FROM “CHARLIE’S ANGELS”). PRICE IS $10
EACH. 30 DAYS, SAME AS CASH. ALL WARRANTIES IN EFFECT. THIS OFFER
EXPIRES ON TUESDAY, MARCH 15, 2004. Omega sent the following letter in
response on March 14, 2002, via overnight delivery: HAPPY TO ACCEPT YOUR
OFFER ON THE NOKIA PHONES. SHIP IMMEDIATELY. There was a major
snowstorm that hit the east coast on March 14, 2004, and Omega’s letter did not arrive
at Alpha’s headquarters until March 18, 2004. Alpha had sold the phones to another
company. Omega demanded the 600 phones for $10 each claiming that it had accepted
the offer in time.
a. Omega is correct; it had valid and timely acceptance and had a contract.