A said to B, I'll give you $100 for that bracelet B replied, $135 A said, No thanks B then said that B accepted the $100, but A was no longer interested and said there was no contract B insists there is a contract Result A's offer of $100 was open and accepted by B, thereby forming a contract OB's counteroffer of $135 terminated A's offer of $100 B's statement, $135 was a negotiating statement that did not terminate A's original offer of $100 A's offer of $100 was irrevocable A said to B, I'll give you $100 for that bracelet B replied, $135 A said, No thanks B then said that B accepted the $100, but A was no longer interested and said there was no contract B insists there is a contract Result A's offer of $100 was open and accepted by B, thereby forming a contract B's counteroffer of $135 terminated A's offer of $100 B's statement, $135 was a negotiating statement that did not terminate A's original offer of $100 A's offer of $100 was irrevocable

Question

A said to B,  I'll give you $100 for that bracelet   B replied,  $135   A said,  No thanks   B then said that B accepted the $100, but A was no longer interested and said there was no contract  B insists there is a contract  Result  A's offer of $100 was open and accepted by B, thereby forming a contract  OB's counteroffer of $135 terminated A's offer of $100  B's statement,  $135  was a negotiating statement that did not terminate A's original offer of $100  A's offer of $100 was irrevocable  A said to B,  I'll give you $100 for that bracelet   B replied,   $135   A said,  No thanks   B then said that B accepted the $100, but A was no longer interested and said there was no contract  B insists there is a contract  Result  A's offer of $100 was open and accepted by B, thereby forming a contract  B's counteroffer of $135 terminated A's offer of $100  B's statement,   $135  was a negotiating statement that did not terminate A's original offer of $100  A's offer of $100 was irrevocable

Accepted Answer

The Answer is in the image, click to view ...

Question

A said to B, I'll give you $100 for that bracelet. B replied, $135. A said, No thanks. B then said that B accepted the

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Accounting And Finance For Non Specialists

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question