Sam receives an offer that states: "I will sell you my car for $8,500,you have 10 days to accept." On Day 4,Sam tells the seller that he will give him $8,000,but the seller rejects this.Which of the following is true?
A) If Sam tells the seller within 6 days that he'll pay the $8,500,a contract is formed.
B) Sam's only alternative is to pay the asking price for the car.
C) If the seller changes his mind within 6 days,he can make Sam buy the car for $8,000.
D) There is no open offer.
E) If the seller does not want to sell his car to Sam for $8,500,he must revoke his offer.
Correct Answer:
Verified
Q59: Mary,the seller,and Jane contract for the sale
Q60: What does an offeree use to simply
Q61: Lefty's Surplus Store placed an advertisement in
Q62: Should the rules of offer and acceptance
Q63: Offeror says,"I will sell you my dog
Q65: Erin receives an offer in the mail
Q66: What problems in connection with offer and
Q67: Offeror says,"I'll sell you my car for
Q68: The owner of a small business is
Q69: Marilyn decides to sell the diamond broach
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