Todd offered in writing on Monday to sell his desk to Mike for $150.Todd's offer stated that unless Mike rejected Todd's offer by Thursday,it would be considered accepted.Mike did not reply until Saturday,when he rejected the offer and refused to buy the desk.Todd insists that Mike is bound to purchase the desk,since he did not reject the offer by Thursday.Discuss the validity of the contract and the legal obligation of Mike.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q43: Harvey and Myra Church were interested in
Q44: When Garibaldi rented an office from the
Q45: _ occurs when one party does not
Q46: _ occurs when the dominant party in
Q47: Dale posts an ad in the local
Q49: A mistake by only one of the
Q50: Girard University offered Steamer Ferris a professional
Q51: Melinda is considering opening a fast-food business
Q52: Mike and Mickey live at the opposite
Q53: On October 10th,Juliana sends Linda a letter
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