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Courteen Seed Co. v. Abraham
Oregon Supreme Court (1929) | 275 P. 684; 129 Or. 427; 1929 Ore. LEXIS 90
TL;DR: A seller telegraphed a potential buyer, "I am asking 23 cents per pound" for seed. The buyer replied, "We accept your offer." The court held that the seller's statement was merely an invitation to negotiate, not a binding offer, so no contract was formed.
Legal Significance: This case establishes that a mere price quotation or a statement of a price one is "asking" is generally not a binding offer, but rather an invitation to negotiate, especially when the context suggests ongoing bargaining.