Vern offers to sell his car to Lee, stating that the offer will stay open for thirty

Question:

Vern offers to sell his car to Lee, stating that the offer will stay open for thirty days. Vern

a. cannot revoke the offer for thirty days.

b. can revoke the offer after any reasonable period of time.

c. can revoke the offer any time before Lee accepts.

d. can revoke the offer any time within thirty days, even after Lee accepts.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 24, 2024 12:00 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Liam offers to sell his car to Ahmed for $7,000. Ahmed immediately pays Liam $700 on condition that Liam allows him two weeks to decide whether to accept the offer. Two days later Liam changes his...
How does MC1R Protein Synthesize?
Explain what happens when an investor shorts a certain share.
Assume the current NZD/USD quote is 0.801. If I wish to exchange $3,000 NZD, how much will I receive in USD? If the British pound sterling was trading at 1=$1.27, and the appreciates by 15% relative...
Why would a company prefer a foreign currency option over a forward contract in hedging a foreign currency firm commitment? Why would a company prefer a forward contract over an option in hedging a...
Nina Corporation issued $8,000,000 in 6 percent, five-year bonds on March 1, 2010, at 92. The semiannual interest payment dates are September 1 and March 1. Prepare entries in journal form for the...
$ (Round to the nearest cent as needed.)
Digit Electronics places an ad announcing a sale of its inventory at public auction. At the auction, Digits auctioneer points to a new seventy-five-inch 8K TV and asks, What am I bid for this item?...
Julio offers to sell Christine a used iPad for $200. Which of the following replies would constitute an acceptance? a. I accept. Please send a written contract. b. I accept if you send a written...
As the price of the eyePOD increases, what is expected to happen to the quantity demanded?
Using a ruler and set squares only, construct the following shapes: a. b. c. d. 5cm 5cm
The marketing department has just forecast that 10,000 units of item 778 will be ordered in the next fiscal year. Based on the marketing department's forecast and noting that the seasonal relative...
Following are interaction plots for three data sets. Which data set has the largest interactions? Which has the smallest? A B C
From your local chamber of commerce, obtain the population figures for your city for the years $1980,1990,2000$, and 2010. Find the rate of growth for each period. Forecast the population of your...
A mass $m$ is attached at the midpoint of a stretched wire of area of cross-section $A$, length $l$, and Young's modulus $E$ as shown in Fig. 13.29. If the initial tension in the wire is...
What nominal annual rate of interest compounded monthly was paid if contributions of $250 made into an RRSP at the end of every month amounted to $35 000 after 10 years?
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
Dave and Paul share ownership rights in a multimedia computer. When they acquired the computer, they agreed in writing that if one dies, the other inherits his interest. Are Dave and Paul tenants in...
Bob leaves his clothes with Corner Dry Cleaners to be cleaned. When the clothes are returned, some are missing, and others are greasy and smell bad. Is Corner liable? Why or why not?
Calvin is an executive on a business trip to the West Coast. He has driven his car on this trip and checks into the Hotel Ritz. The hotel has a guarded underground parking lot. Calvin gives his car...
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.

Vern offers to sell his car to Lee, stating that the offer will stay open for thirty

Question:

Step by Step Answer:

The correct answer is c can revoke the offer any time be...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions