When is a Contract not a Contract?
By Kluger, Kaplan, Silverman, Katzen & Levine, P.L. January 14, 2013
By Abbey L. Kaplan The scenario: you are at a charity event sponsored by a real estate development firm and the MC, the company president, asks if anyone wants to buy his lavish home for $5,000. A man in the audience shouts “I’ll take it!”. The man does not pay the $5,000 before …