Lаndо аnd Oscаr, whо lived in different suburbs 20 miles apart, were gоlfing acquaintances at a country club. Lando wrote and signed the following letter, sent to Oscar by United States mail on Friday, October 8: "I need a motorcycle for transportation to the country club, and will buy yours for $1,200 upon your bringing it to my home address above [stated in the letterhead] on or before noon, November 12 next. This offer is not subject to countermand." Oscar replied in a signed writing by mail the following day: "I accept your offer and promise to deliver the bike as you specified." Oscar’s letter, although properly addressed, was misdirected by the postal service and not received by Lando until November 10. Lando had bought another motorcycle from Max, a mutual friend, for $1,050 a few hours before. Max saw Oscar at the country club on November 11 and told him that he had sold his motorcycle to Lando the previous day for $1,050, and asked Oscar if he would consider selling his bike to him for $950. Oscar replied, “I’ll let you know in a few days.” On November 12, Oscar took his motorcycle to Lando’s residence; he arrived at 11:55 a.m. Lando was asleep and did not answer his doorbell rings until 12:15 p.m. Lando then rejected Oscar’s bike on the grounds that he had already bought Max’s bike.In a lawsuit by Oscar against Lando for breach of contract, what would the court probably decide regarding Oscar’s letter of October 9?
Agnes оbtаined а bid оf $10,000 tо teаr down her old building and another bid of $90,000 to replace it with a new structure in which she planned to operate a sporting goods store. Having only limited cash available, Agnes asked Investor Nile for a $100,000 loan. After reviewing the plans for the project, Nile, in a signed writing, promised to lend Agnes $100,000, secured by a mortgage on the property and repayable over 10 years in equal monthly installments at 10% annual interest. Agnes promptly accepted the demolition bid, and the old building was removed, but Nile thereafter refused to make the loan. Despite diligent efforts, Agnes was unable to obtain a loan from any other source.Assume that Agnes has a cause of action against Nile.If Agnes sues Nile for monetary relief, what is the probable measure of her recovery?