Chat with AI
Anderson's Business Law and the Legal Environment 21th Edition by David Twomey ,Marianne Jennings
Edition 21ISBN: 978-0324786682Anderson's Business Law and the Legal Environment 21th Edition by David Twomey ,Marianne Jennings
Edition 21ISBN: 978-0324786682 Exercise 2
On September 27, Summers sent Fox a letter offering to sell Fox a vacation home for $150,000. On October 2, Fox replied by mail agreeing to buy the home for $145,000. Summers did not reply to Fox. Do Fox and Summers have a binding contract?
a. No, because Fox failed to sign and return Summers's letter
b. No, because Fox's letter was a counteroffer
c. Yes, because Summers's offer was validly accepted
d. Yes, because Summers's silence is an implied acceptance of Fox's letter (Law, #2, 0462)
a. No, because Fox failed to sign and return Summers's letter
b. No, because Fox's letter was a counteroffer
c. Yes, because Summers's offer was validly accepted
d. Yes, because Summers's silence is an implied acceptance of Fox's letter (Law, #2, 0462)
Explanation
Verified
Verified
b) True. A counteroffer voids the prior ...
Anderson's Business Law and the Legal Environment 21th Edition by David Twomey ,Marianne Jennings
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
