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Question
Wright Corp., a footwear manufacturer, sends an offer by fax to Dilsur Retailers Inc. to sell 100,000 pairs of shoes at $150 each and mentions that it will hold the offer open for Dilsur for two months. Four months after receiving Wrights offer, Dilsur faxes an acceptance. However, by this time, Wright has already entered a contract with another retailer. Discuss the situation.
Answer
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