Sam and Bob were neighbors who owned homes on adjoining parc…
Sam and Bob were neighbors who owned homes on adjoining parcels of realty. They were both in the business of selling art supplies, each operating an art supply store that engaged in friendly competition with the other. Sam owned a garden tractor that he used for cultivating vegetables in the backyard of his home. Bob, who wanted to plant a garden in his own backyard, sent Sam a note in which he offered to buy the tractor from Sam for $500. Sam responded on February 15 by sending Bob a letter that stated, “I will sell you my garden tractor for $600, and not a penny less. To give you time to think it over, I promise to hold this offer open until March 15.” On March 5, Bob noticed a similar garden tractor in the yard of another neighbor. He called that neighbor on the phone and offered to buy it for $500, but he said, “Are you kidding? I just bought it from Sam for $600.” On March 6, Bob went to Sam’s store with $600 in cash, and said, “I’ve decided to buy that tractor from you. Here’s the money.” Sam refused the money and told Bob that he had already sold the tractor to the other neighbor. If Bob asserts a claim against Sam for damages resulting from Sam’s refusal to sell the tractor on March 6, the court should find for