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The Following Exchanges Occurred Via Fax

Question 79

Multiple Choice

The following exchanges occurred via fax:

Buyer, Day 1 - "I offer to buy (legal description of property) for $350,000."
Seller, Day 2 - "I will sell (legal description of property) for $375,000."
Buyer 2, Day 3 - "I will buy (legal description of property) for $380,000."
Seller, Day 3 (later) - "I accept your offer of $380,000."
Buyer 1, Day 3 (even later) - "I accept your counter offer of $375,000."


A) The seller has a contract with Buyer 2
B) The seller has a contract with Buyer 1
C) The seller has a contract with both Buyer 1 and Buyer 2
D) The use of fax communications does not satisfy the statute of frauds

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