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Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107 Exercise 22
Louise emails Sonya, "I will sell you my house at 129 Brittle Blvd. for $88,000, payable in one month. Best, Louise." Sonya emails back, "Louise, I accept the offer to buy your house at that price. Sonya." Neither party prints a copy of the two emails.
(a) The parties have a binding contract for the sale of Louise's house.
(b) Louise is bound by the agreement, but Sonya is not.
(c) Sonya is bound by the agreement, but Louise is not.
(d) Neither party is bound because the agreement was never put in writing.
(e) Neither party is bound because the agreement was never signed.
(a) The parties have a binding contract for the sale of Louise's house.
(b) Louise is bound by the agreement, but Sonya is not.
(c) Sonya is bound by the agreement, but Louise is not.
(d) Neither party is bound because the agreement was never put in writing.
(e) Neither party is bound because the agreement was never signed.
Explanation
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Contracts should be in writing to be enf...
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
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