When Olga asks Sven if he wishes to sell his Harley motorcycle,he replies that he would not sell it "for less than $2,000." Olga replies,"I accept," and hands him $2,000.A contract exists.

Question

Quizplus · Accepted Answer

A contract does not exist because Sven's statement was not an offer but rather an expression of the minimum price he would consider. Olga's acceptance does not create a contract as there was no definite offer to accept.

When Olga Asks Sven If He Wishes to Sell His