Owen v. Tunison
Supreme Judicial Court of Maine
158 A. 926 (1932)
Relevant factsFree
W.H. Owen (plaintiff) wrote R.G. Tunison (defendant) asking whether he would sell a property known as the Bradley block; Tunison replied that he could not sell unless he received $16,000 in cash, given improvements he had made. Owen immediately wrote back purporting to accept an offer to sell at $16,000, but Tunison responded that he did not want to sell after all, and Owen sued for breach of contract.
IssueFree
Whether a seller's statement, made during preliminary negotiations, that he could not sell property for less than a specified price constitutes a binding offer capable of being accepted to form a contract.