Denny is selling his house at an auction with reserve.Albert offers $50,000.Betty says,"I'll pay $60,000,if the bank will loan me that much." Denny says,"Forget it! I am not going through with the sale of my house." Carl then says,"I'll pay you $70,000 for it." Who gets the house?
A) Albert,because he made a definite and certain offer,and did so before Denny stopped the bidding.
B) Betty,because she offered the highest amount before Denny stopped the bidding.
C) Carl,because he offered the highest amount.
D) Denny,because he could withdraw the property from sale at any time.
Correct Answer:
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