Rucker v. Sanders
Supreme Court of North Carolina
Appeal by plaintiff from Webb., J., at September Term, 1921, of CrUILEORD. Civil action to recover damages for an alleged breach of contract,, growing out of the following negotiations: On Wednesday, 24 March, 1920, the plaintiff, who resides in Greensboro, N. C., addressed a letter of inquiry to the defendant, who lives at Smithfield, N. C., asking what was the lowest price he would take for his stock in the Jefferson Standard Life Insurance Company.
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Appeal by plaintiff from Webb., J., at September Term, 1921, of CrUILEORD. Civil action to recover damages for an alleged breach of contract,, growing out of the following negotiations: On Wednesday, 24 March, 1920, the plaintiff, who resides in Greensboro, N. C., addressed a letter of inquiry to the defendant, who lives at Smithfield, N. C., asking what was the lowest price he would take for his stock in the Jefferson Standard Life Insurance Company. On Friday, the 26th, the defendant answered by mail, saying that he owned 50 shares of said stock, which he would sell for $10,000.- On…
1Opinion of the CourtStacy, J.
We think the defendant’s motion for judgment as of non-suit should have been denied. The offer to sell the fifty shares of stock in question for $10,000 was made by mail, which carried with it an implied invitation, nothing else appearing, to accept or reject the offer in like manner, that is, by mail. Patrick v. Bowman, 149 U. S., 411; 13 C. J., 300; 6 R. C. L., 611. Where no time limit is fixed, it is gen-^ erally understood that the offeree must accept within a reasonable time; and we think this necessarily means that he should have a reasonable time within which to accept, in the absence…
2Cases cited16 opinions
- Minneapolis & St. Louis Railway v. Columbus Rolling MillSupreme Court of the United States · 1886
- Strong v. RepideSupreme Court of the United States · 1909
- National Bank v. HallSupreme Court of the United States · 1880
- McIver v. Young Hardware Co.Supreme Court of North Carolina · 1907
- Patrick v. BowmanSupreme Court of the United States · 1893
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- Normile v. MillerSupreme Court of North Carolina · 1985
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- McAden v. . CraigSupreme Court of North Carolina · 1943
- Richardson v. Greensboro Warehouse & Storage Co.Supreme Court of North Carolina · 1943
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