Question
11) Day 1: Mike sends Tina a letter offer to sell his fish tank to her for $125. Day 2: Tina faxes Mike an acceptance.
11)Day 1: Mike sends Tina a letter offer to sell his fish tank to her for $125.
Day 2: Tina faxes Mike an acceptance.
Day 2: Mike receives Tina's fax.
Day 3: Mike calls Tina to revoke his offer.
Mike and Tina:
a) do not have a contract since Tina used the wrong means of acceptance.
b) do not have a contract because Mike revoked his offer before Tina accepted properly
d) have a contract as of when the fax was sent
12)The language "I offer to sell you my 1974 White Ford Torino" is:
a)a valid offer
c) not a valid offer because there are no terms for payment.
d) not a valid offer because it is oral.
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