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Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158 Exercise 1
Card communicated an offer to sell Card's stereo to Bend for $250. Which of the following statements is correct regarding the effect of the communication of the offer
A) Bend should immediately accept or reject the offer to avoid liability to Card.
B) Card is not obligated to sell the stereo to Bend until Bend accepts the offer.
C) Card is required to mitigate any loss Card would sustain in the event Bend rejects the offer.
D) Bend may not reject the offer for a reasonable period of time.
A) Bend should immediately accept or reject the offer to avoid liability to Card.
B) Card is not obligated to sell the stereo to Bend until Bend accepts the offer.
C) Card is required to mitigate any loss Card would sustain in the event Bend rejects the offer.
D) Bend may not reject the offer for a reasonable period of time.
Explanation
Verified
Verified
Mr. C offered and communicated to sell C...
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
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