Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14. The following conversation took place between Ali and Sami. Ali: Sami, if you wanted to sell your table, what would you ask for it?

image text in transcribed

14. The following conversation took place between Ali and Sami. Ali: "Sami, if you wanted to sell your table, what would you ask for it?" Sami: "I suppose JD400 would be a fair price." Ali: "I will take it, if you will color the table". Sami: "Sold". Thus, * (2 points) Sami's statement: "I suppose JD400 would be a fair price is an offer Ali reply: "I will take it, if you will color the table" is a conditional acceptance which will end Sami's offer No contract resulted since Sami never stated she would actually sell the table for JD400 A contract was formed when Ali said: "Sold

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

Studies Of Company Records (RLE Accounting)1830-1974

Authors: J. R. Edwards

1st Edition

1138983306, 9781138983304

More Books

Students also viewed these Accounting questions