Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bryan offers to sell his car to Mica for $5,000. Mica responds, I'll pay $4,000, that's all the car is worth. Is there a contract?

image text in transcribed

image text in transcribed
Bryan offers to sell his car to Mica for $5,000. Mica responds, "I'll pay $4,000, that's all the car is worth." Is there a contract? Yes, $4,000 is a fair price for the car. No. Mica must pay $5,000 to buy the car and create a contract. No. Mica made a counteroffer, which terminated Bryan's offer. Yes. Mica indicated he was willing to buy the car, the differing amount was not significant

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

Step: 3

blur-text-image

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

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago