Business Law

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Peter, a farmer, leaves 3 bushels of tomatoes with Keagan, the owner of a grocery store. Peter says “Look these over. If you want them, they’re $3.00 a bushel.” Keagan never gets back with Peter. Keagan runs out of his own tomatoes and begins selling Peter’ tomatoes to his (Keagan’s) customers without Peter’ knowledge or consent. Do Peter and Keagan have a contract that can be enforced in a court of law? If so, what type of contract; explain how this contract exists by applying elements or definitions to the fact pattern and explain how you reached your conclusion. Your explanation should be in great detail applying concepts from the second block of material only. Your explanation should be detailed and demonstrate knowledge in the area.

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