Stelwire LLC,a vintage car dealer,offers to sell a 1964 Ford Thunderbolt for $80,000 to Ralph.Ralph accepts the offer and insists on adding a satellite radio to the car.This is a proposed addition to the contract.What is the nature of the contract between Ralph and Stelwire under the common law?

Question

Quizplus · Accepted Answer

Ralph's request to add a satellite radio to the car is a counteroffer, as it changes the terms of the original offer made by Stelwire. This means that Stelwire may accept, reject, or make their own counteroffer in response. The contract is under common law because no specific type of contract was mentioned.

Stelwire LLC,a Vintage Car Dealer,offers to Sell a 1964 Ford