The purchasing manager of Ethan Wholesale Furniture,Inc.sends an e-mail to the CEO of Ashley Furniture,Inc.promising to sell new couches for a total of $5,000,and to keep the offer open for 30 days.The promise is unenforceable because there is no consideration.

Question

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This statement is false. The promise made by the purchasing manager of Ethan Wholesale Furniture, Inc. to sell new couches for a total of $5,000 and keep the offer open for 30 days is a valid offer. Consideration may be implied in this promise, such as the potential for future business or the benefit of obtaining new inventory at a lower cost. However, the enforceability of the offer would depend on the acceptance and performance of the other party, Ashley Furniture, Inc.

The Purchasing Manager of Ethan Wholesale Furniture,Inc