Jack offers to sell Ben a new car for $10,000. Ben accepts the offer and sells his old car so that he will have money for the new one. Jack's offer is probably

Question

Quizplus · Accepted Answer

Ben's selling of his old car shows his justifiable reliance on Jack's offer, which makes the offer irrevocable. Under the principle of promissory estoppel, once an offeror makes an offer and the offeree relies on it to their detriment, the offeror cannot revoke the offer. Therefore, the offer is irrevocable.

Jack Offers to Sell Ben a New Car for $10,000