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1.Consider the following scenario: Offeror: 'I will sell you my car for $10,000. Reply by Offeree: 'I will give you $9,000. Answer by Offeror: 'No
1.Consider the following scenario:
Offeror: 'I will sell you my car for $10,000.
Reply by Offeree: 'I will give you $9,000.
Answer by Offeror: 'No deal'.
Counter Response: 'Ok, I will give you $9,500.
Is there a valid contract formed under common law? Explain. (1 point)
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