Miguel, the owner of a company, has a used tractor for sale….
Miguel, the owner of a company, has a used tractor for sale. He offers in a signed writing to sell the tractor to Harry for $50,000. Harry agrees in a signed writing to pay $50 for a seven-day option to purchase the tractor, and Harry does immediately pay the $50 for the option. On day three of the option period, Miguel dies, and on day four of the option period Harry mails a written acceptance of the offer to Miguel’ estate executor, knowing of Miguel’ death. The executor received Harry’s acceptance on day six of the option period. Harry’s acceptance is valid because the option was irrevocable during the option period and it is in a signed writing.
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