Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

David owns a successful local pharmacy but has decided to retire and sell the pharmacy.Claire expresses an interest in buying the pharmacy, so David makes

David owns a successful local pharmacy but has decided to retire and sell the pharmacy.Claire expresses an interest in buying the pharmacy, so David makes an offer to sell to Claire.However, Rhonda offers David considerably more than his offer to Claire, so he sells the pharmacy to Rhonda.Claire is angry because if she had known about Rhonda's offer, she would have matched it.Which of the following is true?

Group of answer choices

David cannot revoke his offer until Claire has rejected it.

Since David had an offer to Claire outstanding, he cannot sell the pharmacy to Rhonda without giving Claire an opportunity to match Rhonda's offer.

David can revoke his offer to Claire by selling the pharmacy to Rhonda.

David must tell Claire expressly that he is revoking his offer to sell the pharmacy to her.

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

Public Law Text Cases And Materials

Authors: Andrew Le Sueur, Maurice Sunkin, Jo Eric Khushal Murkens

4th Edition

0198820283, 978-0198820284

More Books

Students also viewed these Law questions