The owner of a failing cafe and a well-known restaurateur si…
The owner of a failing cafe and a well-known restaurateur signed a written document indicating that the restaurateur would “pay for the transfer of all kitchen equipment within the kitchen at the cafe to the restaurant by December 31.” After the cafe closed, the restaurateur went to the cafe and transferred all kitchen equipment to his own new restaurant site. The restaurateur researched the cost of the equipment at the time it was purchased and mailed a check to the cafe’s owner for that amount. He had entered into many similar agreements with other businesses before, without any problems. The café owner immediately sent a letter to the restaurateur demanding the return of the kitchen equipment. The cafe owner argued that no contract was formed because the parties had not agreed to a price and that the owner had anticipated a much higher sales price. Have the parties formed a valid and enforceable contract?