Fred's beautiful photograph of the Washington Monument is hanging in a Washington Gallery.Jed is looking at it and Fred tells Jed he can have it for $1,000.Jed says,"No way,man! I won't pay that!" The next day,Jed reconsiders and goes to the gallery and tells Fred he'll take it for $1,000.Which is true at this point?
A) Fred can tell Jed that the price is now $1,200.
B) Jed can't force Fred to take the $1,000 because of the prior day's revocation.
C) If they can't agree,a court would set the price at $1,100.
D) Jed's acceptance of the $1,000 offer is effective only if Fred has not yet revoked his offer.
Correct Answer:
Verified
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