On 1st of May, Adam saw a car in a local garage with a price tag of N300,000. When he went in to buy it, the garage owner, Bala, laughed and said that the tag must have been wrongly labelled as the actual price of the car was N800,000. However, in the circumstances, he said he would split the difference and let Adam have it for N550,000. Adam asked for time to think about the offer and Bala said he could have three days. Two days later, Adam found out that his friend Chibuzor had bought the car from Bala for N700,000. Adam has decided to sue Bala for breach of contract. Advise Adam.

Adam has no claim for breach of contract against Bala because no valid contract was formed. Bala’s statement that the car would be kept available for three days was not supported by any consideration. Therefore, Bala had the right to revoke the offer and sell the car to Chibuzor before Adam could accept it.