The Johnsons decided to sell their summer cabin on Beech Lake.They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin.The flyer described the location of the property,the size of the lot,and the price.If one of the recipients responds by sending a letter accepting,an agreement

Question

Quizplus · Accepted Answer

The flyer was sent out as an invitation to make an offer, meaning it was not an offer itself. Therefore, the Johnsons would not be bound to sell the property to the first person who responds. Instead, they could choose to negotiate with multiple interested parties and ultimately decide which offer they want to accept. This is a common practice in real estate, and the parol evidence rule (which excludes prior or contemporaneous oral statements that contradict a written agreement) would not apply in this situation.

The Johnsons Decided to Sell Their Summer Cabin on Beech