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2.  A wrote B as follows: “I will sell you my insurance business for $100,000”. B replies by letter: “I accept your offer with the understanding you will agree not to enter the insurance business again in this town for two years.” Was there a contract? Why?

 

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The scenario lacks the contract. A made an offer to B, and B responded by a counter offer. Though B mentioned that he/she is accepting the offer, there is new condition/term in the offer stating “you agree not to enter the insurance business again in this town for two years.” Any change to a contract results 

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