Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barbara intends to sell her motorcycle for $ 2 , 5 0 0 . When she learns that Lee is interested in buying a used

Barbara intends to sell her motorcycle for $2,500. When she learns that Lee is interested in buying a used motorcycle, she sends him an e-mail offering to sell the motorcycle to him. When typing the e-mail, however, she mistakenly keys in the price of $1,500. Lee immediately sends Barbara an e-mail reply accepting her offer to buy the motorcycle. Lee then sends Barbara a Venmo payment for $1,500. Barbara replies and indicates she actually meant $2,500. Lee is upset. What is this an example of, and is this a valid contract?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management

Authors: R. Dan Reid, Nada R. Sanders

4th edition

9780470556702, 470325046, 470556706, 978-0470325049

More Books

Students also viewed these General Management questions