Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Allison says to George, I will sell you my Nissan Pathfinder for $25,000. I will keep this offer open for 30 days in exchange for
- Allison says to George, "I will sell you my
- Nissan Pathfinder for $25,000. I will keep this offer open for 30 days in exchange for $500." George gives Allison $500 to hold the offer open. 1 week later, George sends a letter to Allison rejecting the offer because the car is too expensive. 5 days later, George wins a lucky hand at poker and sends a letter to Allison accepting the offer along with a check for $25,000. Was a valid contract formed?
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