Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

17. Edwin, Marketing VP of Amalgamated Sales Inc. writes a letter dated August 1 to Bargain Stores Inc. offering to sell candy to Bargain Stores

image text in transcribed
17. Edwin, Marketing VP of Amalgamated Sales Inc. writes a letter dated August 1 to Bargain Stores Inc. offering to sell candy to Bargain Stores at $50 per case for the next 30 days. Bargain Stores then contracts with local retailers based on the offer from Amalgamated. Ten days later, Amalgamated receives an offer from Dandy Stores Inc. to purchase this same candy at a price of $75 per case. Can Amalgamated withdraw its offer to Bargain Stores? A. Yes, the offer may be withdrawn since it lacks consideration. B. Yes, the offer was simply an invitation to negotiate C. No, this is only an option. D. No, this is a firm offer. 18. Jordan is charged with a crime, and Jeff is chosen to be on the jury. Jordan offers to pay Jeff $500 if he votes not guilty. Jeff does so, but Jordan refuses to pay. Jeff sues Jordan for breach of contract. Jeff will A. lose because the contract is usurious. B. win because of the statute of frauds. C. lose because the contract is against public policy D. win because Jordan materially breached

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions