Answered step by step
Verified Expert Solution
Question
1 Approved Answer
41. Kendrick overhears Eric's offer to sell Greg a boat for $1,000. Greg declines the offer, but Kendrick immediately says I accept. Eric does not
41.Kendrick overhears Eric's offer to sell Greg a boat for $1,000. Greg declines the offer, but Kendrick immediately says "I accept." Eric does not want to sell the boat to Kendrick because he is afraid that Kendrick will not immediately pay him. Also, he thinks Kendrick is a complainer and will find something to complain about regarding the sale. Is Eric obligated to sell the boat to Kendrick, and why or why not? Also, discuss what you believe the ethical rule should be on this issue.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started