Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Because he was recently laid off from his executive job at a local credit card processing companv, Leonard has no choice but to sell

image text in transcribed
1. Because he was recently laid off from his executive job at a local credit card processing companv, Leonard has no choice but to sell his home in Green Island Hills. He offers to sell the home to Dr. Patel, a neurosurgeon who's just moved to town. Leonard offers to sell the house for $305,000. Dr. Patel wants to buv the house but does not want to pay the $F25,000 Sam demands. Instead Dr. Patel offers to buv Leonard's house for $650,000. What is the name given to this type of response to an offer? (a) rejection; (b) optional offer; (c) counter offer; ({1} conditional acceptance: (e) consideration

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

LO10.2 List the conditions required for purely competitive markets.

Answered: 1 week ago