Royal Properties,Inc.,mails a flyer to hundreds of firms,advertising a building for sale.Standard Manufacturing Company responds by saying,"We accept your offer." Between Royal and Standard,there is
A)a contract for the sale of the building.
B)a contract to consider the offer before any others.
C)a contract to negotiate a sale of the building.
D)no contract.

Question

Quizplus · Accepted Answer

The flyer from Royal Properties, Inc. was an invitation to make an offer and not a contractual offer. Standard Manufacturing Company's response of "We accept your offer" was not a valid acceptance as there was no offer made by Royal Properties, Inc. A valid contract requires a clear offer and a clear acceptance of that offer. Therefore, as there was no valid offer and acceptance in this scenario, there is no contract between Royal Properties, Inc. and Standard Manufacturing Company.