Jack tells Mike, "I'd like to buy your boat for $100,000". Mike, in response, says, "that's too cheap. I'll sell you my boat for $150,000." Mike's statement is a _ _ and a .
A) refusal; rejection
B) rejection; new offer
C) refusal; new offer
D) rejection; counter- offer
E) rejection; valid offer
Correct Answer:
Verified
Q2: Jack is speaking to Michael and Michael
Q3: An offer may be revoked before it
Q4: Mary goes into a store in which
Q5: When an offeree receives an offer and
Q6: Revocation takes effect:
A) when sent
B) when the
Q8: When an offer is not accepted, it
Q9: An acceptance of an offer must be
A)
Q10: All contracts generally begin with a/an
A) moral
Q11: Joe sees a dog wandering around his
Q12: An offer is
A) a gesture made by
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