Peter,an agent for Zippy Cars,Inc.,writes a letter to Cassandra on March 1 stating that he will sell her a 2011 Subaru Outback for $20,000 between March 1 and April 30.Peter's letter to Cassandra is
A) a firm offer.
B) an acceptance.
C) a bilateral contract.
D) a breach.

Question

Peter,an agent for Zippy Cars,Inc.,writes a letter to Cassandra on March 1 stating that he will sell her a 2011 Subaru Outback for $20,000 between March 1 and April 30.Peter's letter to Cassandra is 
A) ​a firm offer. 
B) ​an acceptance. 
C) ​a bilateral contract. 
D) ​a breach.

Quizplus · Accepted Answer

Peter's letter to Cassandra is a firm offer because it contains a definite promise to sell the car at a specific price and within a particular timeframe. A firm offer creates a power of acceptance in the offeree and can be accepted by the offeree to form a unilateral contract.

Peter,an Agent for Zippy Cars,Inc