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Business, 21.09.2021 16:40 taehyungg

On December 1, Cambridge, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, offering to employ R&R to review Cambridge’s tax situation for the current year for $20,000. In the letter, the company stated that R&R had ten days to accept. On December 5, R&R sent an e-mail message that stated, "The price for the tax analysis seems low. Would you consider paying $25,000?" Cambridge received the message without responding immediately. The next day, Smith & Taylor, an R&R competitor, offered to conduct the tax appraisal for $17,500. On learning of this offer from Smith & Taylor on December 6, R&R immediately e-mailed Cambridge, agreeing to do the work for $20,000. Cambridge received this message from R&R on December 7. Explain why R&R and Cambridge do, or do not, have a contract.

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On December 1, Cambridge, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, o...
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