Tim sent an email to Belinda offering to sell his car to her for $5,000.Belinda texted Tim back offering to pay $4,000 for the car.A valid contract did not exist because
A)Belinda should have accepted Tim's offer orally.
B)consideration was not present in the negotiations.
C)the contract was not for a lawful purpose.
D)Belinda did not accept Tim's offer;she is still negotiating.

Question

Quizplus · Accepted Answer

A valid contract requires an offer and acceptance, along with consideration and a lawful purpose. In this scenario, Tim made an offer to Belinda to sell his car for $5,000. Belinda's response indicating a willingness to pay $4,000 is a counteroffer, not an acceptance of Tim's original offer. Therefore, a valid contract did not exist because Belinda did not accept Tim's offer, and instead, negotiations were still ongoing.

Tim Sent an Email to Belinda Offering to Sell His