Marissa had 500 shares in XYZ Corp that she was willing to sell at a price of $10 each.
She wrote a letter to Mark that said, "I will sell 500 shares in XYZ Corp to you at a price of $10 each.You can accept any time within the next month.This is a firm offer." Marissa signed and sealed that document.When he received that letter two days later, Mark decided to accept Marissa's offer.He wrote a letter to that effect, but then forgot to mail it.Two weeks later, the value of the shares increased to $20 each.Marissa therefore no longer wanted to sell them at the original price.She telephoned Mark and told him that her offer was revoked.She was entitled to do so.
Correct Answer:
Verified
Q9: Anita was required to enter her co-worker's
Q10: Henrique posts a notice at the racetrack
Q11: Simon owns 10 000 shares in ABC
Q12: An advertisement in a newspaper is usually
Q13: On June 1, Sasha agreed to sell
Q15: Wessam offers to sell Ivan a bicycle
Q16: A statute makes it illegal and a
Q17: Agreements created between family members or friends
Q18: Cindy calls David to accept his offer
Q19: An option is valid only if it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents