- 18 - figures that were previously communicated by Garofalo to Gilson by telephone and which reduced the settlement amount slightly. The November 6 letter required a response by 1:00 p.m. Also by telephone during the morning of November 6, 1995, Garofalo extended the 1:00 p.m., deadline contained in the November 6 letter. At 3:30 p.m., on November 6, 1995, Gilson faxed a letter to Garofalo (the November 6 response) accepting respondent’s revised offer of November 6, 1995. Dorchester and Frank Wheaton point to some uncertainty in Garofalo’s testimony concerning whether he faxed the November 6 letter to Gilson or whether he had his secretary fax that letter. Dorchester and Wheaton conclude that respondent has failed to prove that the November 6 letter was transmitted to Gilson on November 6, 1995. They view the November 3 letter as a proposal and not a definite offer. They argue: A prerequisite to the formation of an agreement is the manifestation of mutual assent to material terms by all the parties. Lamborn v. Commissioner, T.C. Memo. 1994-5[1]5. Consequently, there must be a “meeting of the minds” on material terms in order to reach an agreement. Olefins Trading, Inc. v. [Han Yang Chem.] Corp., 9 F.3d 282 (3d Cir. 1993). This intended agreement [the November 3 letter] purports to conclude cases involving eleven calendar years, between 133 and 155 issues and numerous penalties. This document outlined above simply does not show a settlement was ever reached of a case of this complexity and magnitude. The attachments to the November 3 letter contain a great amount of detail supporting respondent’s proposed settlement figures for the docketed cases. On the morning of November 6,Page: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
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