لخّصلي

PrinciplesandEmptyBagsWehavediscussedacaseinwhichamajorlumbersellerpromisestopay$2.50forlumber from you.In return,the sellertakesthe riskoffixingthe rate,even if thereisapossibilityofaprice increase.Ultimately,thebuyer is inthebetter position,and unfortunatelytheprincipleof fairreciprocalnegotiation andconsiderationdoes not exist.peerseg The reasontheseller's commitment is notsufficientto support a legally enforceablenegotiationisthatin this caseitisanentirelyunilateralobligation.Writeseveralsentences explaining why thisdealis not anegotiation.Besureto include at leastoneof thefourprinciples thatyouthinkarerelevant.Alegallyenforceablenegotiationisconcludedwhen there is mutualrecognitionandadequateconsideration.Thus,the buyerisfreeto purchasefromanothersawmillat anevenlowerratewhereverhewishes.Thesellerisundernoobligationwhatsoever.

PrinciplesandEmptyBagsWehavediscussedacaseinwhichamajorlumbersellerpromisestopay$2.50forlumber from you. Why is theseller'spromiseto pay$2.50not sufficient to support a legally enforceable deal, even though the pricemaydecreasein the future? Writeseveralsentences explaining why thisdealis not anegotiation.Besureto include at leastoneof thefourprinciples thatyouthinkarerelevant.Alegallyenforceablenegotiationisconcludedwhen there is mutualrecognitionandadequateconsideration. Consideration means something in exchangeforvalue for a particularcommitment.Wenotethatonlyonepartyhasa promise,and the other partyhasnotguaranteedanypromise in return. For example,the sellerguaranteesa rate of $2.5,but the buyerdoesnotguarantee

specificperiodoftime, or a minimumannualorder quantity,forexample. Thus,the buyerisfreeto purchasefromanothersawmillat anevenlowerratewhereverhewishes. In return,the sellertakesthe riskoffixingthe rate,even if thereisapossibilityofaprice increase.Ultimately,thebuyer is inthebetter position,and unfortunatelytheprincipleof fairreciprocalnegotiation andconsiderationdoes not exist.peerseg The reasontheseller's commitment is notsufficientto support a legally enforceablenegotiationisthatin this caseitisanentirelyunilateralobligation. Thesellerisundernoobligationwhatsoever. Itshouldbenotedthat this case is similar to the"promise togive"principle,whichissimilarly unenforceable.