Schmidt, the owner of a small business, has a large piece of used farm equipment for sale. He offers to sell the equipment to Barry for $10,000. Discuss the legal effects of the following events on the offer.
a) Schmidt dies prior to Barry's acceptance and the time he accepts, Barry is unaware of Schmidt's death.
b) The night before accepts, fires destroys the equipment
c) Barry states to Schmidt that he will pay him $8000 in stead for the equipment.
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