Hunt v. Rice

Among the assets left by Amelia Peabody upon her death was a choice forty-acre property, “Mill Farm,” in Dover. Her executors elected to sell it by inviting sealed bids from interested parties whom the executors had previously approved. Robert B. and Katherine L. Hunt submitted the highest sealed bid. The question before us is whether the executors’ response to the Hunt bid produced an enforceable contract. We hold that it did and affirm the judgment below.

*624Before inviting bids, the executors had the property appraised. On the basis of that appraisal, the detailed bid kits which the executors…