Gordon sends a letter to Thomas that says "I will buy your diesel engine for $7000." At exactly the same time, Thomas sends a letter to Gordon that says "I will sell my diesel engine to you for $7000." Which of the following statements is TRUE?
A) This situation involves a meeting of the minds.
B) This situation creates a bilateral contract.
C) Both letters respond to an offer.
D) Each letter contains an offer, but neither contains an acceptance.
E) This situation is described as a "cross- acceptance."
Correct Answer:
Verified
Q1: An offer can be revoked
A) if it
Q3: Which of the following statements is TRUE?
A)
Q4: Layton Fine Fashions had a shipment of
Q5: Eric bought a house for $150 000.
Q6: The Town of Oxbridge wants to build
Q7: A bilateral contract
A) always imposes obligations on
Q8: Rabby Inc is an oil exploration company
Q9: Cindy calls Davin to accept his offer
Q10: Wessam offers to sell Ivan a bicycle
Q11: Hiram Brody worked as a research assistant
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